Crypto firms, Wall Street push SEC to revise Regulation Crypto Assets as comments close - The Block

The comment period on the SEC's proposed "Regulation Crypto Assets" has closed, with crypto firms and traditional Wall Street institutions both pressing the agency to revise the framework, according to The Block. The convergence is notable: digital-asset natives and established financial firms rarely align on regulatory design, and their shared engagement signals how consequential the rule's final shape could be for market structure.

The proposal sits within a broader effort to define how crypto assets are classified, offered, and supervised in U.S. markets. Because the details remain in the rulemaking process, the practical impact will depend on how the SEC weighs industry feedback—particularly on definitions, compliance obligations, and treatment of different token types. Divergent views between crypto-native and traditional firms may surface in the final text.

For observers, the key question is timing and scope: whether the agency revises the proposal materially or proceeds largely as drafted. Any final rule could reshape how firms structure offerings and compliance, and could influence where crypto-related activity is domiciled. Market participants should watch for the SEC's next procedural step rather than assume a specific outcome.