简而言之 美国证券交易委员会计划本月公布期待已久的加密货币规则。 该提案将包括对某些加密活动的安全港和广泛豁免。 此举出台之际，国会更广泛的《澄清法案》在 11 月中期选举之前面临着不确定的道路。 美国证券交易委员会周二表示，计划最早于本月推出期待已久的加密规则制定，使该机构距离为美国某些加密相关活动建立监管安全港又近了一步。 SEC 更新后的 2026 年议程已计划于 7 月发布该规则，随后将针对拟议政策进行一段时间的公众评论。 这些规则将管理加密资产的发行和销售，还包括针对各种类型的链上金融活动的“某些豁免和安全港”。 此次议程更新标志着迄今为止最明确的迹象，表明 SEC 正准备正式公布其加密货币监管提案，该机构主席保罗·阿特金斯 (Paul Atkins) 几个月来一直在戏弄该提案，最初表示将于 1 月份推出。
这些豁免将为加密货币公司提供保证，确保其在某些领域（例如代币化证券和去中心化金融（或 DeFi））的活动不会引发 SEC 的执法行动。 阿特金斯周二在一份声明中表示：“为了实现特朗普总统确保美国成为世界加密货币之都的目标，我们正在拥抱创新，将更多产品引入国内，为加密资产融资制定明确的规则，并明确市场参与者如何托管和促进代币化证券的链上交易。” 今年 3 月，SEC 主席表示，加密货币安全港可以适用于价值不超过 500 万美元、寻求在头四年内尝试加密资产的初创公司；通过涉及某些加密资产的投资合同筹集最多 7500 万美元的企业家；一旦某些加密资产的创建者停止了所有必要的管理工作，就会对其进行保护。 阿特金斯此前强调，国会《澄清法案》（一项将使美国大多数加密货币活动合法化的全面法案）的不确定性影响了美国证券交易委员会推出自己的加密货币规则。
经过一年多的起起落落，《澄清法案》将在未来几周在参议院面临生死存亡的抉择。利益相关者普遍认为，由于 11 月中期选举迫在眉睫，如果该法案未能在 8 月之前获得通过，今年就不太可能成为法律。 每日简报时事通讯 每天从当前的热门新闻报道以及原创专题、播客、视频等开始。
In brief
The SEC plans to unveil its long-awaited crypto rules this month.
The proposal would include safe harbors and broad exemptions for certain crypto activity.
The move comes as Congress’ broader Clarity Act faces an uncertain path before the November midterms.
The SEC said Tuesday it plans to introduce its long-awaited crypto rulemaking as soon as this month, bringing the agency a step closer to establishing a regulatory safe harbor for certain crypto-related activities in the United States.
An updated SEC agenda for 2026 has the rule penciled in for a potential July release, which would then be followed by a period of public comment on the proposed policies.
The rules would govern the offer and sale of crypto assets, and also include "certain exemptions and safe harbors" for various types of on-chain financial activity.
The agenda update marks the clearest indication yet that the SEC is preparing to formally unveil its Regulation Crypto proposal, which agency chair Paul Atkins has teased for months, and initially said would be rolled out in January.
The exemptions would hand crypto companies a guarantee that activity in certain areas, such as tokenized securities and decentralized finance, or DeFi, would not trigger enforcement action from the SEC.
"To deliver on President Trump's goal to ensure that the United States is the crypto capital of the world, we are embracing innovation to bring more products onshore, creating clear rules of the road for capital raising with crypto assets, and providing clarity as to how market participants can custody and facilitate trading of tokenized securities onchain," Atkins said Tuesday in a statement.
In March, the SEC chair said a crypto safe harbor could apply to startups worth up to $5 million seeking to experiment with crypto assets in their first four years; to entrepreneurs raising up to $75 million via investment contracts involving certain crypto assets; and to certain crypto assets once their creators have ceased all essential managerial efforts.
Atkins previously emphasized that the uncertain status of Congress’ Clarity Act—a sweeping bill that would legalize most crypto activity in the United States—had impacted the SEC’s rollout of its own crypto rules.
After over a year of starts and stops, the Clarity Act faces a do-or-die next few weeks in the Senate. Stakeholders broadly agree that if the bill does not pass by August, it is unlikely to become law this year, due to the looming November midterm elections.
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