SEC Cancels Reg Crypto Meeting, Market Yawns

The SEC cancelled its meeting to propose Reg Crypto at the last minute, sparking uncertainty in the crypto market. The agency had scheduled the meeting for today but postponed it due to an unforeseen scheduling issue.

The cancellation delays the start of rulemaking rather than killing the policy, which was expected to open a limited path for issuing crypto securities without triggering full registration. SEC Chairman Paul Atkins had positioned Reg Crypto as a centrepiece of his digital asset plan, but issuers still have no idea what eligibility standards, disclosure rules or restrictions any exemption would carry.

Meanwhile, the policy centre of gravity is shifting toward the executive branch. The White House is convening a crypto and prediction market roundtable on 19 August, one day before the CFTC holds its first Innovation Advisory Committee session on 20 August under the title 'Crypto's Regulatory Evolution: From Uncertainty to Clarity.'

The cancellation of Reg Crypto had little impact on the crypto market, with total crypto market cap sitting at roughly $2.18 trillion, essentially flat on the day.