SEC Proposes Rescinding Rule 14a-8 on Shareholder Proposals

The proposal targets the procedural channel through which shareholders have pushed governance and, increasingly, crypto-treasury and digital-asset-related resolutions at public companies. Framing it as a statutory-authority and state-law question shifts the debate from what shareholders may ask to whether the SEC may regulate the asking at all — a distinction that matters for how far any final rule survives challenge. Whether the rescission is adopted as proposed, and how the proxy-solicitation reforms are received alongside it, is the open question.