THE SEC PROPOSED A NEW CODE OF ENCRYPTED CURRENCY AS A BACKUP FOR A CLEAR BILL

THE ENCRYPTED CURRENCY PROPOSAL SUBMITTED BY THE SEC ON FRIDAY IS NOW CONSIDERED AS ITS BACK-UP PLAN, AS PROGRESS ON THE CLEAR BILL HAS STALLED. THE CHAIRMAN OF THE SEC, PAUL ATKINS, IS ADVANCING HIS "ENCRYPTED REGULATION" RULE AFTER THE SENATE IS ADJOURNED WITHOUT A VOTE. THESE RULES WILL CREATE SAFE PORTS FOR REGISTRATION EXEMPTIONS AND ISSUANCE OF TOKENS BASED ON THE SEC-CFTC TOKEN CLASSIFICATION。