Clarity Act Postponed to September, SEC Takes Critical Step for Cryptocurrencies! “All Eyes on Friday!”

The Clarity Act, considered one of the most important pieces of legislation in the US regarding Bitcoin and the cryptocurrency market, is stalled in the Senate. The Senate failed to advance the Clarity Act before the August recess, postponing discussion of the draft until September.

Following the postponement of the CLARITY Act until September, the U.S. Securities and Exchange Commission (SEC) is preparing to advance the regulatory framework for the public offering of certain investment contracts involving crypto assets.

According to Eleanor Terrett, host of the Crypto In America program, the SEC will hold an open meeting on Friday to discuss rules for establishing an initial public offering (IPO) framework for certain investment contracts involving crypto assets.

In this context, the central issue of the meeting is which rules will apply to the initial public offerings (IPOs) of specific investment contracts involving crypto assets.

The draft text, which the SEC has been working on for months, will be discussed internally, and a decision will be made on whether to submit the proposed rules to public comment. If approved internally by the SEC, a public comment period of at least 60 days will begin.