Daily Market
SEC Holds Regular Meeting to Deliberate New Rules for Crypto Issuance; Ethereum L1 Adjusts Quantum-Safe Roadmap
BTC and the crypto market remain choppy amid intertwined policy expectations and macroeconomic factors. A cautious short-term tone is shaped by slower institutional inflows and a delay in legislation.
On August 14, the SEC held a public regular meeting and voted on “Crypto Asset Rules” (Regulation Crypto). It plans to establish a tailored framework that sets a maximum exemption amount of $75 million for token issuances that meet certain conditions. The vote opens only a 60-to-90-day public comment period. Against the backdrop of the congressional “CLARITY Act” being postponed to a September vote, regulatory agencies’ rulemaking through administrative channels has become the main path to compliance.
Ethereum developers and Ethereum Foundation researcher Justin Drake said that, thanks to breakthroughs in binary-field SNARK technology, Ethereum will abandon the Poseidon hash algorithm at the L1 layer and instead move toward the post-quantum cryptography roadmap by adopting traditional hash functions such as SHA2 or BLAKE2. This move significantly lowers the threshold for circuit verification. Production-grade virtual machine leanVM is expected to be released in 2027, with full-layer deployment completed in 2028, further strengthening long-term technical certainty.
Next to watch: the exemption details once the SEC rule proposal text is published, and the procedural voting progress for the “CLARITY Act” after Congress reconvenes in September. Do you think the new administrative regulatory rules can fill the legislative gap and boost market confidence?
SEC Holds Regular Meeting to Deliberate New Rules for Crypto Issuance; Ethereum L1 Adjusts Quantum-Safe Roadmap
BTC and the crypto market remain choppy amid intertwined policy expectations and macroeconomic factors. A cautious short-term tone is shaped by slower institutional inflows and a delay in legislation.
On August 14, the SEC held a public regular meeting and voted on “Crypto Asset Rules” (Regulation Crypto). It plans to establish a tailored framework that sets a maximum exemption amount of $75 million for token issuances that meet certain conditions. The vote opens only a 60-to-90-day public comment period. Against the backdrop of the congressional “CLARITY Act” being postponed to a September vote, regulatory agencies’ rulemaking through administrative channels has become the main path to compliance.
Ethereum developers and Ethereum Foundation researcher Justin Drake said that, thanks to breakthroughs in binary-field SNARK technology, Ethereum will abandon the Poseidon hash algorithm at the L1 layer and instead move toward the post-quantum cryptography roadmap by adopting traditional hash functions such as SHA2 or BLAKE2. This move significantly lowers the threshold for circuit verification. Production-grade virtual machine leanVM is expected to be released in 2027, with full-layer deployment completed in 2028, further strengthening long-term technical certainty.
Next to watch: the exemption details once the SEC rule proposal text is published, and the procedural voting progress for the “CLARITY Act” after Congress reconvenes in September. Do you think the new administrative regulatory rules can fill the legislative gap and boost market confidence?