At the fourth SEC Crypto Task Force roundtable, SEC Commissioners framed the regulatory issues over asset tokenization.
The full update can be found here on our US Regulatory Intelligence platform.
SEC Commissioners Push for Improving the Small Offering Exemption Framework
At a meeting of the SEC’s Small Business Capital Formation Advisory Committee, SEC Chair Paul Atkins and Commissioner Hester Peirce emphasized the need to lower costs and to reexamine the utility of Regulation A (“Conditional Small Issues Exemption”) as a capital-raising tool.
The full update can be found here on our US Regulatory Intelligence platform.
SEC Commissioners Open Conversation on Crypto Custody
At an SEC Crypto Task Force roundtable, the SEC Commissioners highlighted issues with current crypto custody regulation and raised questions as to the best approach “to accommodate crypto assets and blockchain technology” while protecting investors.
The full update can be found here on our US Regulatory Intelligence platform.
OMB Directs Independent Agencies to Submit Rules for White House Review
The Office of Management and Budget (“OMB”) provided “initial implementation guidance” for regulatory agencies to comply with President Trump’s Executive Order “Ensuring Accountability for All Agencies.”
The full update can be found here on our US Regulatory Intelligence platform.
SEC Says Stablecoins not Subject to Securities Laws
After undertaking a legal analysis, the SEC Division of Corporation Finance concluded “that the offer and sale of Covered Stablecoins, … do not involve the offer and sale of securities within the meaning of [the Securities Act or the Exchange Act].”
The full update can be found here on our US Regulatory Intelligence platform.
SEC Votes to End Defense of Climate Disclosure Rules
The SEC voted to end its defense of the rules requiring disclosure of climate-related risks and greenhouse gas emissions. The rules created a detailed and extensive special disclosure regime about climate risks for issuing and reporting companies.
The full update can be found here on our US Regulatory Intelligence platform.
House Republicans Push SEC to Overhaul Shareholder Proposal Rules
House Republicans urged the SEC to reform current rules on shareholder proposals, warning that “the politicization of the proxy process continues to place a substantial burden on public companies[.]”
The full update can be found here on our US Regulatory Intelligence platform.
Commissioner Peirce Offers Congress Blueprint to Streamline Crypto Regulation
SEC Commissioner Hester M. Peirce outlined seven strategies for Congress to streamline crypto regulation.
The full update can be found here on our US Regulatory Intelligence platform.
US Regulatory Intelligence update – FINRA to “Modernize” Capital Formation Rules
FINRA requested comment on “modernizing” current rules, guidance and process relating to capital formation.
The full update can be found here on our US Regulatory Intelligence platform.
US Regulatory Intelligence update – SEC Commissioners Spar Over Crypto Regulation
At the Crypto Task Force inaugural roundtable, SEC Commissioner Caroline A. Crenshaw cautioned Commissioner Hester M. Peirce and Acting Chair Mark T. Uyeda against conceding that many crypto assets and related activities should not be subject to securities laws.
The full update can be found here on our US Regulatory Intelligence platform.