The US Securities and Exchange Commission is approaching the end of a 60-day public consultation on proposed cryptocurrency regulations, as the agency moves ahead with digital-asset policy after Congress failed to pass legislation establishing a broader framework.
What the SEC proposal would do
The SEC is scheduled to close public comments on Tuesday for its “Regulation Crypto Assets” proposal, introduced in August. The agency said the rules were designed to create a “clear and fit-for-purpose framework for certain investment contracts involving crypto assets.”
The proposal covers issues including a potential safe harbor for token issuers. Such a provision could prevent qualifying issuers from being treated as offering “investment contracts.” The package also considers exemptions for companies carrying out offerings up to a specified amount.
During the 60-day consultation, the SEC received about 140 submissions from individuals and interest groups. Six comments were submitted anonymously, according to Cointelegraph.
The consultation comes as the SEC proceeds with its own policy work following the failure of Congress to approve the Digital Asset Market Clarity, or CLARITY, Act. That legislation would have established a framework for cryptocurrency regulation at the SEC and other parts of the US government.
Responses from industry participants
Several commenters welcomed the agency’s effort to advance digital-asset rules. The Markets in Crypto Assets (MiCA) Crypto Alliance, an organization created to help groups implement the European Union’s digital-asset framework, largely backed the SEC’s proposed changes to disclosure requirements.
The alliance also urged the regulator to make further amendments, including clearer definitions for concepts and data structures specific to crypto assets and for the related disclosure obligations.
Anthony Scaramucci, founder of SkyBridge Capital, also expressed support for the proposal. He said the rules reflected “organic adoption” and represented a return to what he viewed as the SEC’s proper role. His comment did not refer to Congress’s failure to advance the CLARITY Act.
Legal and regulatory questions remain
Although many submissions supported the SEC’s initiative or indicated that their authors were open to additional discussions, some legal specialists questioned how durable the rules would be. They suggested regulations adopted by the agency could be easier to overturn than legislation passed by Congress.
Leadership staffing is another issue facing the US digital-asset oversight system. Both the SEC and the Commodity Futures Trading Commission, which oversee different aspects of the crypto industry, remain understaffed at the leadership level.
The end of the comment period does not itself finalize the proposal. It marks the next stage in the SEC’s process of reviewing feedback on the proposed framework.
Current market picture
Moneyiar market data at 22:08–22:09 on October 19, 2026, showed mixed performance among the tracked assets:
- REAL (ASSET): $0.1855069016, down 0.02% over 24 hours and up 3.28% over seven days.
- Propy (PRO): $0.3408757059, down 1.69% over 24 hours and 4.04% over seven days.
- Open Campus (EDU): $0.0725071863, up 1.82% over 24 hours and down 0.98% over seven days.
- Ark (ARK): $0.1750101095, up 2.77% over 24 hours and down 10.49% over seven days.
