The US Securities and Exchange Commission is preparing to advance its own regulatory framework for digital assets, potentially before the Senate votes on the CLARITY Act. According to the agenda, the SEC would place issuers, broker-dealers, and trading venues on separate notice-of-proposed-rulemaking (NPRM) tracks, allowing distinct rules to develop for each category of market participant. The move comes as the Senate faces an August 7 timeline on the pending legislation. By initiating its own rulemaking process, the SEC could shape crypto oversight independently of, or in parallel with, congressional action. The approach signals the agency's intent to move forward on establishing clearer standards for how tokens are issued, traded, and intermediated in US markets, rather than waiting for lawmakers to finalize a legislative framework that would define regulatory responsibilities across agencies.
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