The U.S. SEC plans to advance regulatory rule reforms, covering the classification of crypto assets and the framework for recognizing investment contracts.

According to Mars Finance, Jim Moloney, head of the Division of Corporate Finance at the U.S. Securities and Exchange Commission (SEC), stated that the SEC is working to expedite the development of regulatory rules. The division will prioritize crypto-asset reform and is preparing two key recommendations to the Commission: first, to provide interpretive guidance, offering a clear classification of crypto-asset and describing a framework for determining when crypto-asset are subject to investment contracts; and second, to propose a reasonable regulatory structure for the issuance and sale of crypto-asset securities subject to investment contracts. Furthermore, the division will continue to provide market clarity through statements and letters of inaction. Moloney also mentioned that other work the SEC is pursuing includes: implementing the Accountability for Foreign Insiders Act (HFIAA); creating a semi-annual reporting option instead of quarterly reports; and reducing the regulatory burden under Regulation SK, including executive compensation disclosure.