SEC Scrubs Schedule: Unforeseen Conflict Cancels Regulation Crypto Vote
The US Securities and Exchange Commission (SEC) abruptly cancelled its meeting on August 14 to consider proposing Regulation Crypto, citing an unforeseen scheduling issue. The commission had announced the meeting just four days in advance, instead of the standard week required under the Government in the Sunshine Act.
No new date has been announced for the meeting, which was set to discuss a release proposing a tailored offering regime for certain investment contracts involving crypto assets. This would have marked the first formal crypto-specific rulemaking in the SEC's 90-year history and could have created exemptions allowing qualifying crypto startups to raise capital without immediately complying with the full securities registration framework.
The cancellation of the meeting delays the start of formal rulemaking, but it doesn't necessarily reject the underlying policy. The Commodity Futures Trading Commission's Innovation Advisory Committee is still scheduled to meet on August 20, with crypto regulation as its first major session. This comes amidst a stalled Digital Asset Market Clarity Act in the Senate, which won't be voted on until at least September.