SEC Proposes New Crypto Regulation Amid Stalled Clarity Act
The SEC proposed its first permanent digital-asset rule on August 18, aiming to govern the crypto industry by exempting certain token sales from registration requirements. This comes after Congress failed to pass the Clarity Act in 2026 and with no clear legislative path forward for comprehensive regulation. In response to regulatory uncertainty, President Donald Trump hosted a White House summit on August 19 with major crypto executives including Coinbase Global, Ripple (XRP), and Robinhood Markets. Patrick Witt, the White House's crypto advisor, suggested that executive agencies like the SEC and CFTC may use emergency mechanisms if Congress continues to stall. The proposed rule allows token sales up to $5 million over four years without registration under certain conditions, potentially benefiting smaller projects rather than major cryptocurrencies already in circulation. While these rules offer some clarity, they remain subject to change by future regulators or courts, underscoring the need for durable legislative action.
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Topics: CFTC Clarity Act cryptocurrency SEC White House summit