U.S. SEC Prepares Rule Proposal for Crypto Issuance Amid CLARITY Act Delay

ChainCatcher report: Cryptocurrency journalist Eleanor Terrett posted on X that, although the U.S. Senate has delayed the key procedural vote on the CLARITY Act until September, regulators are preparing to advance their own regulatory framework for cryptocurrency issuances. The Senate previously failed to complete the procedural vote on the CLARITY Act, and the agenda has been pushed to September. Senate Majority Leader John Thune has filed a procedural motion, with a new voting window expected in mid-September. Meanwhile, the U.S. Securities and Exchange Commission (SEC) is preparing a new rule proposal targeting crypto asset issuance activities. Market participants believe that even if the legislative process for the CLARITY Act is delayed, regulators may still advance structural reforms in the digital asset market through administrative rulemaking. Analysts note that over the coming months, U.S. crypto regulation could see a "dual-track approach": on one hand, Congress continues advancing legislative efforts such as the CLARITY Act; on the other, the SEC may preemptively establish a regulatory framework for token issuances, trading platforms, and digital asset service providers through rulemaking.