SEC Cancels Crypto Rule Review Meeting Amid Regulatory Developments

The SEC has canceled its meeting scheduled for Friday to review crypto rules after several recent developments.

Franklin Templeton received a no-action letter from the SEC allowing its funds to invest cash in its own tokenized money market fund. This decision is seen as significant, as it opens up new possibilities for investment and financial innovation.

The SEC and CFTC have also established a five-part digital asset structure, classifying crypto assets as either digital commodities, collectibles, tools, stablecoins or digital securities.