SEC proposes new crypto rules in absence of CLARITY Act

The US securities regulator has proposed new crypto rules in the absence of the CLARITY Act. These long-awaited regulations aim to provide companies with a safe harbor, preventing certain tokens from being classified as investment contracts. Additionally, the proposal introduces specific exemptions for token issuance. This move by the SEC seeks to establish a clearer regulatory framework for the digital asset industry, offering necessary legal protections and guidelines for companies operating within the crypto space.