THE SEC HAS AGAIN POSTPONED THE 24/7 TOKEN SHARE EXEMPTION

THE SEC AGAIN POSTPONED ITS 24/7 DECORATED STOCK EXEMPTION IN ORDER TO PROTECT THE CLARITY ACT. THE EXEMPTION WAS PUT ON HOLD, IN PART BECAUSE OF THE RISK OF UNDERMINING THE DIFFICULT COMPROMISE OF THE MONETIZATION COMPONENT OF THE BILL. THE MEETING OF THE SEC ON FRIDAY WILL STILL BE HELD AT 10 A.M. EASTERN TIME, AND IT IS EXPECTED THAT THE AGENCY WILL PROPOSE AN “ENCRYPTED ASSET CONTROL” TO SUPPORT ENCRYPTED FUND-RAISING。