SEC Cans Meeting to Vote on Crypto Rules Amid Scheduling Snafu
The US Securities and Exchange Commission (SEC) has canceled a meeting scheduled for Friday to vote on new crypto-related rules. The decision was made due to an 'unforeseen scheduling issue,' according to an SEC spokesperson.
The proposed exemptions would allow crypto startups to raise capital without complying with traditional securities offering rules. This move is seen as a significant development in the industry, which has been pushing for clearer regulations.
The Clarity Act, a bill aimed at creating new federal rules tailored to cryptocurrencies, has not yet been passed by the Senate. The bill's chances of passage have dimmed after the Senate left Washington on Saturday for a five-week recess.
Under Trump's SEC Chair Paul Atkins, the agency has reversed its crypto policy, laying out sweeping plans to overhaul capital markets regulations to accommodate tokens and blockchain-based trading.