SEC Delays Historic Crypto Rulemaking Meeting Amid Scheduling Issue
The US Securities and Exchange Commission has unexpectedly cancelled its meeting scheduled for Friday to discuss proposing Regulation Crypto, the agency's first formal crypto specific rulemaking.
The meeting had been set for 10am ET at the SEC's Washington headquarters on August 14, but was abruptly pulled due to a reported scheduling issue. The commission had announced the meeting on short notice just four days ahead, sparking speculation that it would fill the regulatory gap left by Congress' failure to advance the CLARITY Act.
The agency's decision is likely to raise uncertainty in crypto markets, where investors have been pricing in a pro-industry signal from the SEC this week. Markets and commentators will now be watching for confirmation of a rescheduled date and any clarification on the delay from Chair Paul Atkins or fellow commissioners.