Bitcoin held close to $64,000 on Wednesday as traders weighed a new SEC crypto-asset proposal alongside a White House meeting on digital-asset policy. U.S.-Iran tensions and rising Treasury yields kept broader risk appetite in check.
Bitcoin fell 0.2% to $64,169.4 by 02:10 ET, holding steady as markets parsed a wave of regulatory developments. A broader risk-off move across financial markets, driven by surging U.S. Treasury yields, kept crypto on the back foot alongside lingering U.S.-Iran jitters.
SEC proposes new crypto framework
The SEC proposed new rules on Tuesday aimed at creating a tailored framework for certain investment contracts involving crypto assets. The proposal, called "Regulation Crypto Assets," would establish two exemptions from securities registration requirements: one letting eligible issuers raise up to $5 million over a four-year period, the other permitting offerings of up to $75 million in any 12-month period.
SEC Chairman Paul Atkins said the proposal sought to give crypto entrepreneurs and market participants clear pathways to raise capital under federal securities laws. He added that, in line with the commission's earlier interpretative guidance, the plan would also allow a safe harbor once an issuer had completed or permanently ceased the managerial efforts it had promised under an investment contract.
White House meeting to bring more regulatory cues
President Donald Trump is expected to join a White House session of his administration's newly formed innovation committee on Wednesday, according to a Coindesk report. The gathering brings together chief executives from crypto firms and prediction markets alongside representatives from traditional finance and the AI sector.
That meeting will lead into a follow-up session at the Commodity Futures Trading Commission the next day. The CFTC oversees the innovation committee and is expected to use Thursday's meeting to advance further discussion on crypto regulation. The SEC and CFTC developments came even as efforts to pass the Clarity Act, a major U.S. crypto regulatory overhaul, fell flat in Congress.
Altcoins tread water
Broader crypto prices kept to a tight range. Ether rose 0.3% to $1,908.06, while XRP rose 0.2% to $0.9994.
Solana and Cardano rose 0.9% and 1.2%, respectively, while BNB fell 0.4%. Dogecoin and $TRUMP were mostly unchanged.
Source: Cryptocurrency News
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