Investing.com– Bitcoin steadied on Wednesday as cryptocurrency markets parsed new regulatory proposals from the U.S. securities regulator, while U.S.-Iran jitters remained in play.
Anticipation of more regulatory cues from an upcoming meeting at the White House also weighed on cryptocurrencies, while a broader risk-off move in financial markets– amid surging U.S. Treasury yields– kept crypto on the backfoot.
fell 0.2% to $64,169.4 by 02:10 ET (06:10 GMT).
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SEC proposes new crypto regulations
The U.S. Securities and Exchange Commission 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 would let eligible issuers raise up to $5 million over a four-year period, while the other would permit 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 essential managerial efforts it had promised under an investment contract.
Trump White House meeting awaited for more regulatory cues
Separately, U.S. 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 will bring together chief executives from crypto firms and prediction markets alongside representatives from traditional finance and the AI sector.
The White House 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.
Crypto price today: altcoins tread water
Broader crypto prices kept to a tight range.
World no.2 crypto rose 0.3% to $1,908.06, while rose 0.2% to $0.9994.
and rose 0.9% and 1.2%, respectively, while fell 0.4%.
Memecoins and were mostly unchanged.