SEC Cancels Public Meeting Amid Clarity Act Negotiations

The U.S. Securities and Exchange Commission (SEC) has unexpectedly canceled a public meeting to discuss digital-asset rulemaking.

CoinDesk reported that concerns over negotiations on the Clarity Act, a bill aimed at defining the digital-asset market, were behind the delay.

The White House and Congress apparently concluded that a separate SEC move could complicate ongoing talks over the legislation ahead of the Senate's first vote next month.

Industry participants estimate that the rulemaking process alone could take up to a year, followed by another year for companies to prepare for compliance, leaving the final regulatory framework uncertain until the start of the next administration.