Key Highlights
- VolMEX met with the SEC Crypto Task Force to seek clearer rules for crypto options products.
- The company wants guidance on a proposed options product linked to the BVIV-US Index, including its regulatory treatment and possible launch path.
- The meeting comes as SEC Chairman Paul Atkins says the agency will continue working on crypto rules despite the stalled CLARITY Act.
VolMEX Labs Corporation is seeking regulatory clarity from the U.S. Securities and Exchange Commission (SEC) on options products linked to cryptocurrencies.
According to the SEC memorandum, SEC Crypto Task Force staff met with VolMEX and its legal advisers, Clifford Chance US LLP, on October 6, 2026, to discuss how crypto options could fit within existing U.S. rules. The meeting came after VolMEX sent a request to the SEC on September 25.
The company wanted to discuss three main issues: how options products already available in the U.S. are regulated, how options products linked to cryptocurrencies could be structured, and what could be done to make the rules clearer for these products.
VolMEX asks SEC to explain crypto options rules
VolMEX also wants the SEC to consider a proposed options product. The company said it wanted to explain the product’s terms and features, its planned launch timeline, and the market goals behind it. It also wanted to discuss whether the product needs more regulatory analysis, guidance, or some form of relief before moving ahead.
At the center of the discussion is the BVIV-US Index, known as the Volmex Bitcoin ETF Volatility Index. VolMEX said it planned to discuss how the index could be used as part of the proposed options product. The company also said its lawyers would submit a separate memorandum to the SEC on issues linked to using a cryptocurrency-based volatility index.
VolMEX looks for a clearer path under U.S. rules
VolMEX’s request shows that the company is not simply asking whether it can offer the product. It is also trying to understand how U.S. regulators would treat it under existing rules. That distinction matters because crypto products can fall into different regulatory categories depending on how they are structured.
The company was represented by CEO Cole Kennelly and Head of Research Kadir Gökhan Babaoglu. Clifford Chance lawyers Jesse Overall, Jason Rozovsky, Benjamin Peacock and Saul Esses also took part in the discussions.
VolMEX also proposed discussing the best way to obtain regulatory clarity. The company said the proposed product could benefit from discussions involving more than one government agency, indicating that it sees the regulatory question as broader than a single SEC decision.
SEC continues crypto rule work as CLARITY Act stalls
The timing of the meeting is also important. The Crypto Times recently reported that the SEC is working on clearer rules for crypto while Congress continues to debate wider legislation for the industry.
In an X post, SEC Chairman Paul Atkins said that the agency will keep working on crypto rules even after the Senate failed to move the CLARITY Act forward.
On September 15, senators voted 49-50 on the procedural step needed to move the bill toward full consideration. The measure needed 60 votes, so it did not advance.
Atkins later said the SEC would continue using its existing legal powers to give investors and crypto companies more certainty. He said, “With or without legislation, we will act decisively within the SEC’s statutory authority to deliver certainty for American investors and for the entrepreneurs shaping our technological future.”
SEC seeks to give crypto companies more certainty
The SEC had already been working on its own crypto framework before the Senate vote. The agency has discussed possible rules and exemptions that could give crypto projects clearer ways to raise money without always following the full traditional registration process.
The SEC and Commodity Futures Trading Commission (CFTC) have also worked together on how federal securities laws apply to different types of digital assets. The agencies outlined five categories for digital tokens and explained when an investment contract involving a crypto asset may begin or end.
Against this backdrop, VolMEX’s meeting with the SEC comes as the industry continues looking for clearer answers on crypto products. For VolMEX, the immediate focus is understanding where its proposed crypto options product fits under U.S. rules and what steps may be needed before it can move forward.
Also Read: Israeli Crypto Trader Arrested Over Alleged Multimillion-Dollar Tax Evasion
