SEC to Unveil New Rules Defining Crypto Financing and Securities Scope

SEC Chairman Atkins: New Crypto Rule Coming Soon

SEC Chairman Paul Atkins says the agency is close to rolling out a new rule called "Regulating Crypto." The goal is to refine the crypto asset regulatory framework and clarify which transactions fall under securities laws. The rule has already been submitted to the White House Office of Information and Regulatory Affairs—meaning final approval could be just around the corner.

Atkins noted that the new rule will be based on the Securities Act of 1933, focusing on crypto financing, token issuance, and exemptions for startups. The move is seen as a major step forward for US crypto policy, potentially clearing up long-standing uncertainty and shaping compliance paths for major assets like bitcoin and ethereum.

Atkins also revealed that the SEC plans to introduce an innovative exemption mechanism. It would allow companies to experiment within a specific framework without creating unfair competition for existing firms. That suggests regulators are trying to balance investor protection with innovation, offering more flexible policy space for the crypto industry.

At the same time, Atkins repeatedly mentioned the potential impact of Congress and midterm elections on the regulatory landscape. Even with legislative variables, he said, the SEC's rulemaking continues—and won't pause for political cycles. Market watchers see policy continuity as a key factor for institutional capital flows into crypto.

From an industry perspective, the "Regulating Crypto" rule could redefine crypto asset classification standards and have far-reaching effects on funding models, token issuance structures, and compliance costs. As the regulatory framework becomes clearer, institutional participation could rise—and the industry could see an accelerated shakeout.