TD Cowen says SEC meeting could mark turning point for crypto token issuance

TD Cowen said a U.S. SEC public meeting scheduled for Aug. 14 could mark a major turning point in crypto regulation, The Block reported. The investment bank said the proposal under SEC review may include a separate regulatory framework allowing crypto projects to legally issue and sell tokens. It added that a safe harbor program exempting early-stage token sales from securities registration requirements for a set period could be introduced first.