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SEC Commissioner Peirce Issues Statement on Crypto Vaults and Lending Strategies
WASHINGTON, July 23 -- The Securities and Exchange Commission issued the following statement on July 22, 2026, by Commissioner Hester M. Peirce on crypto vaults and lending strategies:
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Headstands and Summervaults
The Commission, the Crypto Task Force, and staff across the Divisions have done tremendous work in the past year and a half to provide clarity to crypto markets as to when a certain asset or activity is subject to the federal securities laws and, if so, how those laws apply. Much of this work has clarified that many crypto assets and activities are not subject to the federal securities
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WASHINGTON, July 23 -- The Securities and Exchange Commission issued the following statement on July 22, 2026, by Commissioner Hester M. Peirce on crypto vaults and lending strategies:
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Headstands and Summervaults
The Commission, the Crypto Task Force, and staff across the Divisions have done tremendous work in the past year and a half to provide clarity to crypto markets as to when a certain asset or activity is subject to the federal securities laws and, if so, how those laws apply. Much of this work has clarified that many crypto assets and activities are not subject to the federal securitieslaws. That the securities laws do not apply to all crypto assets and activities, however, does not mean that the securities laws do not apply to any crypto assets or activities. If you do headstands, backflips, and other gymnastics to read the law so that it does not apply to crypto assets and activities that are well within the scope of the federal securities laws, you will have a painful fall. If your activities are within the securities perimeter, a better approach is for you to work with us to find a compliant path forward so that you can use new technology to serve investors without running afoul of the federal securities laws.
Last summer, I issued a statement reminding market participants that "[t]okenized securities are still securities."/1 That statement addressed a particular example of a broader principle: Moving activities that fall within the scope of the federal securities laws onchain, as a general matter, does not take those activities outside the scope of the laws the Commission administers.
That principle holds for vaults, which have attracted recent attention as a tool for allowing holders of crypto assets to generate a yield on those assets. Vaults facilitate asset deployment by using smart contracts to allocate user assets to various yield-generating activities, including staking and lending. Vaults are not uniform. They fall along a spectrum from programmatic allocations determined solely by immutable smart contracts, to allocations at the sole discretion of another person or group of persons. This description is purposefully broad and generic. As with many new developments in crypto, the term does not have a specific, widely understood definition; features and strategies employed by vaults vary and are evolving rapidly. Parties involved in managing these vaults, for example, by selecting the yield-generating activities, re-allocating assets among yield-generating assets, or selecting the parties that will make those decisions, may want to analyze whether their activities implicate the federal securities laws.
Similarly, crypto lending strategies have developed over the course of several years. These strategies allow participants to deposit their assets into onchain systems that lend them for a fee to borrowers who can put those assets to use. Parties involved in managing these strategies, for example, by setting interest rates, deciding which assets to accommodate, setting loan-to-value limits, and establishing liquidation thresholds, may want to analyze whether their activities implicate the federal securities laws.
These new approaches to the deployment of assets hold great promise. Depending on their design, they can enable people to use the assets they own to generate income efficiently and cheaply. As securities move onchain, vaults and onchain lending strategies may become mainstream tools for managing investment portfolios. The promise will only be realized, however, if we grapple now with the intersection between these asset deployment tools and the federal securities laws.
Vaults and lending strategies may implicate the federal securities laws in several ways. A vault, for example, could be a common enterprise in which users invest money with a reasonable expectation of profits to be derived from the vault deployer's and curator's entrepreneurial or managerial efforts./2 A vault that holds securities or allocates assets to investments in securities could fall into investment company territory. Some vaults may function similarly to unit investment trusts that hold a fixed portfolio of assets with little or no active management; others may function similarly to management investment companies; and still others may more closely resemble separately managed accounts that offer individualized client treatment. Lending strategies also can carry significant federal securities law implications that do not turn on the assets involved. For example, onchain loans, depending on the parties' motivations, the plan of distribution, and other relevant factors, can bear the hallmarks of notes that are securities./3 Involvement in managing vaults and lending strategies also may implicate investment adviser issues. Whether a particular vault or lending strategy's structure and activities are within the scope of the federal securities laws will come down to the specific facts and circumstances. Any SEC analysis of these issues requires respect for the limits Congress set on our jurisdiction and an unwavering commitment to protecting developers' free speech rights.
We welcome inquiries from market participants involved in designing and operating vaults or facilitating onchain lending. You may not fall within our regulatory scope, but, if you do, we welcome the opportunity to talk with you about how to serve your customers in compliance with the federal securities laws. Those laws are flexible because Congress recognized that technologies would change. Sometimes, even with that flexibility, our regulations block innovation and entrench the status quo. We welcome your thoughts on whether we need to modify our rules to accommodate vaults, onchain lending, or other innovations and how we can do so while still ensuring that investors are protected, markets are fair, orderly, and efficient, and capital formation is facilitated.
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1/ Commissioner Hester M. Peirce, Enchanting, but Not Magical: A Statement on the Tokenization of Securities (July 9, 2025), https://www.sec.gov/newsroom/speeches-statements/peirce-statement-tokenized-securities-070925.
2/ United Housing Found., Inc. v. Forman, 421 U.S. 837, 852 (1975).
3/ Reves v. Ernst & Young, 494 U.S. 56 (1990).
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Original text here: https://www.sec.gov/newsroom/speeches-statements/peirce-statement-crypto-vaults-lending-strategies-072226
FCC to Make Broadband Labels a More Useful Consumer Tool
WASHINGTON, July 23 -- The Federal Communications Commission issued the following statement on July 22, 2026, by Chairman Brendan Carr:
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Re: Empowering Broadband Consumers Through Transparency, CG Docket No. 22-2; GN Docket No. 25-133, Report and Order (July 22, 2026).
Today, the FCC is taking another step to make broadband nutrition labels work better for consumers. When Congress directed the FCC to create these labels, the goal was simple--give Americans clear, useful information for broadband internet comparison shopping. But over the last few years, we have learned that when labels
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WASHINGTON, July 23 -- The Federal Communications Commission issued the following statement on July 22, 2026, by Chairman Brendan Carr:
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Re: Empowering Broadband Consumers Through Transparency, CG Docket No. 22-2; GN Docket No. 25-133, Report and Order (July 22, 2026).
Today, the FCC is taking another step to make broadband nutrition labels work better for consumers. When Congress directed the FCC to create these labels, the goal was simple--give Americans clear, useful information for broadband internet comparison shopping. But over the last few years, we have learned that when labelsbecome cluttered with unnecessary details, they stop being the quick, easy-to-use shopping tool Congress envisioned. That's why we're streamlining them today.
The new label removes unnecessary clutter, eliminates outdated requirements like references to the expired Affordable Connectivity Program, gives providers more practical ways to make labels available through hyperlinks, QR codes, and online account portals, and lets customer service representatives explain the information in plain English over the phone instead of reading a long script word for word.
None of those changes come at the expense of transparency. Providers will still offer a label for every standalone broadband plan. Consumers will still get necessary information about pricing, introductory rates, broadband speeds, and data allowances. The labels will also remain accessible and available in the languages providers use to market their services.
The result is a label that's easier for consumers to use, while reducing costs for providers.
That's a win for everyone. Thanks to Ed Bartholme, Mark Stone, Wes Platt, Zac Champ, Michelle Branigan, Robert Aldrich, David Konczal, Richard Mallen, Jonathan Lechter, and Kim Makuch for their great work on this item.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-423288A2.pdf
FCC to Make Broadband Labels a More Useful Consumer Tool
WASHINGTON, July 23 -- The Federal Communications Commission issued the following news release on July 22, 2026:
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FCC to Make Broadband Labels a More Useful Consumer Tool
Changes Will Empower Consumers While Reducing Compliance Burdens on Providers
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Today, the Federal Communications Commission improved the FCC's broadband labels, making them a more useful tool for consumers and reducing compliance burdens on providers. The Report and Order adopted today will ensure consumers have access to clear, accurate, and concise information about the broadband plans available to them.
Consumers
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WASHINGTON, July 23 -- The Federal Communications Commission issued the following news release on July 22, 2026:
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FCC to Make Broadband Labels a More Useful Consumer Tool
Changes Will Empower Consumers While Reducing Compliance Burdens on Providers
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Today, the Federal Communications Commission improved the FCC's broadband labels, making them a more useful tool for consumers and reducing compliance burdens on providers. The Report and Order adopted today will ensure consumers have access to clear, accurate, and concise information about the broadband plans available to them.
Consumerswant information that helps them make informed decisions--information that is relevant, easy to read and understand, and quick to access. They should know exactly what they are getting when they shop for and purchase broadband service and should be able to determine whether the high-speed internet product they are buying meets their needs. Labels that are overly complex or difficult to navigate end up frustrating or confusing consumers, not empowering them.
In 2021, Congress directed the Commission to enact rules to require the display of broadband consumer labels to disclose to consumers information regarding the broadband plans offered by broadband internet access service providers. The Commission's initial broadband label rules, adopted in 2022, resulted in sometimes-confusing labels that strayed beyond the statutory framework Congress created, increasing compliance costs for providers in the process. The Report and Order adopted today will refocus the rules and minimize some of the confusion and frustration that consumers have had with the labels.
The Commission's action enables consumers to visualize the monthly cost of service more clearly and removes outdated information and other details that distract from essential information, giving consumers a label that they can more clearly understand and use when comparing high-speed internet service plans. The updated rules also give providers the freedom to discuss the label conversationally over the phone, rather than reading it to consumers verbatim. Finally, the changes ensure consumers can access a plan's label when they need it, while offering providers the flexibility to use links, QR codes, or icons to quickly connect consumers with the label for a plan.
Internet service providers are required to have a label for each standalone broadband service plan they currently offer. The labels must show introductory rates, data allowances, and broadband speeds, and must also include links to information about network management practices and privacy policies. More information about the labels is available on fcc.gov/broadbandlabels.
Action by the Commission July 22, 2026 by Report and Order (FCC 26-48). Chairman Carr, Commissioners Gomez and Trusty approving and issuing separate statements.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-423288A1.pdf
FCC to Further Protect U.S. Phone Networks Against Robocaller Access
WASHINGTON, July 23 -- The Federal Communications Commission issued the following statement by Chairman Brendan Carr:
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Re: Improving the Effectiveness of the Robocall Mitigation Database; Call Authentication Trust Anchor; Advanced Methods to Target and Eliminate Unlawful Robocalls, WC Docket Nos. 24-213 and 17-97; CG Docket No. 17-59, Further Notice of Proposed Rulemaking (July 22, 2026).
Earlier this week, I joined Secretary Bessent, Federal Reserve Board Vice Chair Bowman and FTC Chairman Ferguson for the inaugural roundtable meeting of the Payment Fraud and Scams Working Group. The
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WASHINGTON, July 23 -- The Federal Communications Commission issued the following statement by Chairman Brendan Carr:
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Re: Improving the Effectiveness of the Robocall Mitigation Database; Call Authentication Trust Anchor; Advanced Methods to Target and Eliminate Unlawful Robocalls, WC Docket Nos. 24-213 and 17-97; CG Docket No. 17-59, Further Notice of Proposed Rulemaking (July 22, 2026).
Earlier this week, I joined Secretary Bessent, Federal Reserve Board Vice Chair Bowman and FTC Chairman Ferguson for the inaugural roundtable meeting of the Payment Fraud and Scams Working Group. Theworking group brought together leaders from social media and telecommunications companies to discuss ways that the federal government can continue to detect and prevent payment fraud and scams. An important part of that conversation is how we can continue to fight illegal robocalls.
Fighting illegal robocalls remains the FCC's top consumer protection priority. Since I became Chairman, we have been taking a new approach to combatting such calls by tackling the problem at every point in the call path. That means holding every provider involved in carrying a call accountable, from origination to termination. Ultimately, every provider touching a call must know who it is doing business with and be held accountable for the traffic it is carrying and ultimately delivering to Americans.
We have kicked off proceedings that would do so in different ways, including through strengthening the FCC's Know Your Customer and Know Your Upstream Provider obligations, tightening access to numbering resources, financially deterring illegal robocalls that originate abroad, and improving call authentication standards. We have also continued to pursue aggressive enforcement action against bad actors, including against providers that have violated the rules governing the Robocall Mitigation Database or RMD. Last summer, we removed nearly 1,400 providers because of deficiencies in their filings, cutting off their ability to pass bad traffic along U.S. networks.
Today's item builds on that work by strengthening the RMD in several ways. For example, we are seeking comment on raising the bar for what types of information providers need to submit to the database, including details about their mitigation practices or relevant enforcement activity. We are also seeking comment on how we can remove bad actors from the database in a more streamlined way. Through these changes, the agency would make it harder for bad actors to hide behind layers of intermediaries and, in turn, make it easier to identify and stop unlawful traffic before it reaches consumers.
Thank you to staff for their great work on this item, including Joseph Calascione, Cara Voth, Jodie May, Chris Laughlin, Merry Wulff, John Menges, Daniel Stepanicich, John B. Adams, Derek Yeo, and Weiren Wang.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-423290A2.pdf
FCC Adopts Rules to Strengthen Rules Governing Dangerous Gear
WASHINGTON, July 23 -- The Federal Communications Commission issued the following statement by Chairman Brendan Carr:
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Re: Protecting Against National Security Threats to the Communications Supply Chain through the Equipment Authorization Program, ET Docket No. 21-232, Third Report and Order and Third Further Notice of Proposed Rulemaking (July 22, 2026).
The FCC's Covered List has evolved a lot over the years. Congress created the Covered List in 2019 in the Secure Networks Act, and it did so to bar FCC subsidies to carriers using dangerous equipment. Congress provided it with additional
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WASHINGTON, July 23 -- The Federal Communications Commission issued the following statement by Chairman Brendan Carr:
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Re: Protecting Against National Security Threats to the Communications Supply Chain through the Equipment Authorization Program, ET Docket No. 21-232, Third Report and Order and Third Further Notice of Proposed Rulemaking (July 22, 2026).
The FCC's Covered List has evolved a lot over the years. Congress created the Covered List in 2019 in the Secure Networks Act, and it did so to bar FCC subsidies to carriers using dangerous equipment. Congress provided it with additionalteeth in 2021 through the Secure Equipment Act, which prohibited the FCC from authorizing covered equipment for import or sale in the U.S. In 2022, we adopted rules implementing these prohibitions.
Over the last year and a half, the FCC has continued to lean on the Covered List. Indeed, the FCC has added new products, new services, and new entities to the Covered List. This includes the addition of foreign-produced drones and routers that Executive Branch national security agencies determined pose unacceptable national security risks. As a result, new models of drones and routers are generally prohibited unless they are made in the U.S. or approved by the Department of War or DHS following the submission of an onshoring plan.
Since these national security actions, we have seen many economic benefits as well: over $4 billion has flowed to U.S.-based drone and related production companies, opening up hundreds of thousands of square feet of manufacturing space and creating thousands of jobs. We are seeing similar results on the router side, too, with dozens of companies committing to produce routers in America.
Additionally, following the FCC's first Covered List rulemaking since the agency adopted our initial rules, we have taken steps to prohibit the import or sale of even already-authorized covered equipment. Last month, we finalized a ban on already-authorized devices added to the Covered List in 2024 or earlier; and just yesterday we proposed to ban the import or sale of already-authorized foreign-produced military grade drones, like swarming drones.
Given all this action, today, we are taking a range of actions to bolster and modernize the Commission's Covered List rules. Among other final and proposed rules, three are worth highlighting here.
First, we take action to finally and fully close the component part loophole. Since 2022, devices made by Covered List entities, like Huawei, were banned from getting new authorizations, but devices containing Huawei component parts could continue to get approval to enter the U.S. market, even though the compromised component part can make up the whole device. Last year, we took an initial step to stop this, by prohibiting devices containing Huawei modular transmitters. But now we go further to prohibit devices containing any Huawei-made logic-bearing hardware component (basically any "smart" component).
Second, we expand our oversight of e-commerce platforms. This follows the success of the FCC's "Operation Clean Carts," an agency effort working with e-commerce platforms to rid the internet of millions of illegal listings of covered equipment. We clarify that platforms that host third-party sellers generally still "market" equipment under FCC rules. We also require platforms to list FCC IDs when selling their devices, facilitating greater consumer awareness and FCC oversight and enforcement of our national security rules. But we also tailor these rules to minimize the regulatory burden--providing reasonable timelines, exemptions for small sellers and sellers of used goods, and similar actions to smooth the transition to these new requirements.
Finally, the Commission also seeks comment today on a range of ideas to further modernize the Covered List, proposing to expand FCC oversight over our existing equipment authorization process, given the crucial role it plays in national security. We specifically seek comment on a range of ways we can update our rules in light of the recent foreign-produced drone and router Covered List updates.
For their work on the item, I want to thank Andy Hendrickson, Alice Jou, Mateo Dunne, Katherine Patsas Nevitt, Brandon Moss, Erika Heeren-Moon, Thomas Rigolage, Chris Smeenk, Rebecca Clinton, Shannon Lipp, Kevin Pittman, and Deb Broderson.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-423291A2.pdf
FCC Adopts Plan for C-Band Auction in July 2027
WASHINGTON, July 23 -- The Federal Communications Commission issued the following news release on July 22, 2026:
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FCC Adopts Plan for C-Band Auction in July 2027
The FCC's Interagency and Industry Coordination Clears the Way for a Harmonized 5G 'Super Band'
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The Federal Communications Commission today set America up to lead the world in next-gen connectivity by adopting rules to auction 160 megahertz of spectrum in the Upper C-Band (3.98-4.14 GHz) by July 2027. The FCC's rules build off the Lower C-band auction in President Trump's first term, which already has brought 5G service, fixed
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WASHINGTON, July 23 -- The Federal Communications Commission issued the following news release on July 22, 2026:
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FCC Adopts Plan for C-Band Auction in July 2027
The FCC's Interagency and Industry Coordination Clears the Way for a Harmonized 5G 'Super Band'
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The Federal Communications Commission today set America up to lead the world in next-gen connectivity by adopting rules to auction 160 megahertz of spectrum in the Upper C-Band (3.98-4.14 GHz) by July 2027. The FCC's rules build off the Lower C-band auction in President Trump's first term, which already has brought 5G service, fixedwireless, and massive economic benefits to millions of Americans.
By bridging the Lower C-band and Upper C-band, the FCC will create a single, harmonized "super band" spanning 440 megahertz (3.70-4.14 GHz)--a gigantic swath of licensed, 5G-grade mid-band spectrum that no other industrialized country can boast. The FCC will auction 60% more spectrum than the 100 megahertz minimum required under law, a decision that will raise tens of billions of dollars more for the U.S. Treasury to support deficit reduction and national priorities.
The FCC is moving to deliver an auction of the Upper C-band on time, on budget, and with no surprises. The auction is on track to close by the statutory deadline of July 2027, and the FCC's new rules ensure that the Upper C-Band can be lit up for most Americans before the end of 2030--faster than originally expected. The rules also fairly accommodate satellite and aviation stakeholders in a financially responsible manner that incentivizes a fast transition to 5G in the Upper C-band.
Through close and synchronized collaboration with the Federal Aviation Administration (FAA), the FCC's rules ensure a successful coexistence environment for critical aviation safety systems in the adjacent band for many decades to come. The Federal Aviation Administration recently said: "The FCC worked closely with the FAA while developing its auction rule, which contains key safeguards that protect the band of frequencies that aircraft radio altimeters use."
Additional Background Information
The Order, Order of Proposed Modification, and Order on Reconsideration adopted today responds to the surging demand for additional valuable mid-band spectrum for wireless services. The reconfigured Upper C-Band and forthcoming auction are a major step towards securing American's wireless future and the robust economic benefits that it brings:
* The Impact: This plan puts America on a path towards massive gains that could result in at least $422 billion in GDP, 2.4 million new jobs, and $621 billion in consumer surplus by freeing up additional spectrum.
* The 'Super Band': The 2027 Upper C-Band transition will ultimately result in a 440 megahertz contiguous block of spectrum for the provision of wireless services by combining the Lower C-Band (3.7-3.98 GHz) and now the Upper C-Band (3.98-4.14 GHz).
* The Auction: The 2027 Upper C-Band auction will make available 160 megahertz of valuable mid-band spectrum through the auction of 3,248 new flexible-use spectrum licenses throughout the contiguous United States. The rules allow winning bidders to commence wireless services in the Upper C-Band starting in December 2030 for the top-75 markets in the contiguous United States, and in any remaining markets starting July 2031.
* The Incumbents: The rules set forth a framework that will fairly and expeditiously transition incumbent satellite operations out of the reconfigured portion of the Upper C-Band. Total incentives to satellite operators will be less in aggregate than those paid after the Lower C-Band auction, but roughly commensurate given the lower amount of spectrum being cleared.
* The Neighborhood: The new rules take steps to ensure a continued successful coexistence between wireless operations throughout the C-Band and radio altimeters in the nearby 4.2-4.4 GHz band, and establishes rebates to support the domestic aviation sector in its efforts to retrofit and upgrade the performance of these critical safety tools.
* The Coordination: The item reflects extensive input and coordination from the FCC's federal partners, including through OMB's OIRA and NTIA's IRAC review processes. In particular, this effort has been closely coordinated with the FAA, which is undertaking a parallel rulemaking to greatly enhance the robustness and signal rejection capabilities of radio altimeters.
* The Incentive Payments: The item proposes that winning bidders will be responsible for transition costs and incentive payments for in-band licensees, as well as rebates for the purchase and installation of upgraded radio altimeters. This total budget is well below the low-end of expected proceeds from auctioning the 160 megahertz.
* The Process: Following the Commission's successful Lower C-Band auction in 2020, the FCC began work last year - under its renewed auction authority and Upper C-Band auction remit pursuant to the One Big Beautiful Bill Act - to establish the framework necessary to successfully put this spectrum to more intensive use. The Commission built on an original Notice of Inquiry to adopt a Notice of Proposed Rulemaking last November, and today adopted final rules. In the next few days, Commission staff will seek comment on auction procedures before establishing the final procedures in preparation for the auction.
Action by the Commission July 22, 2026 by Report and Order, Order of Proposed Modification, and Order on Reconsideration (FCC 26-46). Chairman Carr and Commissioner Trusty approving. Commissioner Gomez approving in part and dissenting in part. Chairman Carr, Commissioners Gomez and Trusty issuing separate statements.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-423286A1.pdf
FCC Adopts Groundbreaking Overhaul of Space Bureau's Licensing Process
WASHINGTON, July 23 -- The Federal Communications Commission issued the following news release:
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FCC Adopts Groundbreaking Overhaul of Space Bureau's Licensing Process
A New 'Licensing Assembly Line' Will Support the Dynamic Space Economy
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In a landmark decision marking the latest Trump Administration win for American space superiority, the Federal Communications Commission voted to overhaul and modernize the Commission's space and earth station licensing process. These signature reforms put into action the Commission's long-term vision for accelerating the Space Bureau's work.
In roughly
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WASHINGTON, July 23 -- The Federal Communications Commission issued the following news release:
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FCC Adopts Groundbreaking Overhaul of Space Bureau's Licensing Process
A New 'Licensing Assembly Line' Will Support the Dynamic Space Economy
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In a landmark decision marking the latest Trump Administration win for American space superiority, the Federal Communications Commission voted to overhaul and modernize the Commission's space and earth station licensing process. These signature reforms put into action the Commission's long-term vision for accelerating the Space Bureau's work.
In roughly18 months, the Commission began and finished a systematic regulatory overhaul of industry-wide regulations. Instead of adjusting its regulations around the edges, the Commission proposed to discard the legacy Part 25 rules in their entirety and instead rebuild its rules from first principles through a new Part 100. The speed and ambition at which the Commission executed these reforms is historically unprecedented within the federal government and something many have considered unimaginable. The new rules promise to massively accelerate space and earth station licensing, create a faster, more predictable "licensing assembly line," enhance space safety, and remove outdated regulations to support America's vibrant commercial space economy.
Additional Background Information
The United States is already the world leader in commercial space, and the industry is rapidly moving to build the space infrastructure of the future. The Commission's action today ensures that the United States remains the best place for the space industry to build, operate, and license innovative space-based systems. Today's Report and Order overhauls and modernizes the Commission's space and earth station licensing process in a number of areas:
* Adopts a new rule section (part 100) that would revise many legacy rules (part 25) from first principles, including surety bond requirements, license terms, processing rounds, and other application filing frameworks.
* Replaces the FCC's traditional licensing process with a "licensing assembly line" where applications are modularized and processed more efficiently.
* Increases the speed of application processing, provides more predictability for companies, and gives the FCC new tools to promote today's space innovators.
* Establishes bright-line criteria as to when an application serves the public interest, while providing clarity on the exceptional circumstances that warrant more considered review.
* Promotes space safety by requiring satellite operators to share space situational awareness data.
* Eliminates a large swath of unnecessary licensing and operating rules, consistent with the agency's Delete, Delete, Delete proceeding.
* Seeks comment (in a Further Notice) on the establishment of a space-based experimental licensing regime and further reforms to space and earth station application processing and licensing.
Action by the Commission July 22, 2026 by Report and Order and Further Notice of Proposed Rulemaking (FCC 26-47). Chairman Carr, Commissioners Gomez and Trusty approving. Chairman Carr and Commissioner Trusty issuing separate statements.
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Original text here: https://docs.fcc.gov/public/attachments/DOC-423287A1.pdf
