SEC Plans Two Major New Crypto Initiatives as Clarity Act Stalls

TradingKey - The US SEC plans to launch two new crypto initiatives this week to fill current regulatory gaps.

According to a Bloomberg report on August 12, amid the delay of the Clarity Act, the US Securities and Exchange Commission (SEC) plans to leverage its existing administrative authority to launch two major new crypto regulatory initiatives to meet regulatory needs during the legislative vacuum. However, will this move provide upward momentum for cryptocurrencies?

It is reported that the SEC plans to formally announce the following two administrative initiatives as early as this Friday's public meeting: 1. A customized issuance mechanism for specific crypto asset investment contracts, aimed primarily at establishing a tailored disclosure and registration framework for certain crypto assets that qualify as investment contracts; 2. An innovation exemption for tokenized stocks and securities, establishing a sandbox-style exemption mechanism that allows the issuance and trading of digitized stock/security tokens on the blockchain.

These moves by the SEC essentially integrate crypto technology into the underlying infrastructure of the US capital markets. In the short term, this injects a shot in the arm for the crypto market constrained by legislative stagnation; in the long term, traditional stock tokenization (RWA) and compliant token issuance will become core engines driving the next wave of institutionalization and capital volume explosion in the crypto market.

However, Wall Street analysts pointed out that while the SEC can accelerate industry compliance through administrative exemptions and new guidance, administrative policies lacking Congressional legislative grounding may still face judicial challenges or risks of policy reversal during future administration changes, and the Clarity Act remains the fundamental key to the long-term development of the crypto industry.