The U.S.
Securities and Exchange Commission may take a significant step toward establishing crypto regulations at a public meeting on Friday, according to investment bank TD Cowen.
Late Monday, the SEC announced it will consider whether to issue a proposal for new rules creating a tailored offering regime for certain investment contracts involving crypto assets.
While the agency has not disclosed the details of the proposal, TD Cowen noted this could mark the first of several rulemakings aimed at delivering regulatory clarity for crypto assets, after the Senate failed to advance the Clarity Act on crypto market structure before the August recess.
"This could be a pivotal rulemaking," Jaret Seiberg, managing director at TD Cowen’s Washington Research Group, said in a note.
