SEC Cancels Meeting on Crypto Exemptions Amid Stalled Congress

The Securities and Exchange Commission has unexpectedly canceled an open meeting scheduled for August 14 to discuss proposed exemptions for digital asset companies.

The cancellation postpones a potentially significant step in the agency's effort to build a new regulatory framework for cryptocurrency, which is currently stalled due to Congressional inaction.

According to Reuters, the SEC cited an 'unforeseen scheduling issue' as the reason for the meeting's cancellation, without announcing a new date or any alternative plan.

The delay affects a vote on proposed exemptions that could allow crypto startups to raise capital without adhering to traditional securities-offering requirements, which would have launched a notice-and-comment rulemaking process.