U.S. Securities & Exchange Commission chair outlines crypto and public company rule overhaul and says climate disclosure rule rescission has been proposed

In remarks at the Reagan National Economic Forum that he said reflected his own views rather than those of the Commission, the Chair of the U.S. Securities & Exchange Commission set out a deregulatory agenda focused on digital assets and public company reporting. He said the SEC is repositioning its rulebook to support onchain markets, reduce the burden of being public, and has proposed rescinding the prior administration's climate disclosure rule. On digital assets, he said Project Crypto is now a joint effort with the Commodity Futures Trading Commission to modernize rules for markets moving onchain, and that the SEC has recently clarified which digital assets are securities and which are not. He also pointed to work on a forthcoming innovation exemption for tokenized listed securities, clarification of how onchain trading systems fit within existing rules, and closer SEC-CFTC coordination to address fragmented oversight. For public companies, he cited a recent proposal to give companies flexibility on quarterly or semiannual reporting cadences and two further rule proposals aimed at recalibrating disclosure requirements and making it easier to access the public markets quickly and when conditions are favorable.