SEC Shelves Crypto Rule Meeting Days After Senate Punted Clarity Act
In briefThe SEC has canceled Fridays meeting, at which commissioners were to vote on proposing a tailored offering regime for crypto assets.A spokesperson cited “an unforeseen scheduling issue,” with no replacement date announced.It would have been the agencys first crypto-specific rulemaking, and followed the Senate leaving for recess without advancing the Clarity Act. The Securities and Exchange Commission has called off an open meeting scheduled for Friday morning at which its three commissioners were to vote on proposing the agencys first crypto-specific rules, Reuters reported on Thursday. The formal notice, issued under the Sunshine Act and signed by SEC secretary Vanessa Countryman, records only that the meeting “has been cancelled,” making no mention of a new date. A spokesperson separately told reporters the session would move to a later date “due to an unforeseen scheduling issue,” without elaborating. The commission had dated its original notice August 10, giving roughly three business days warning, with a single item on the agenda. The commissioners had been due to decide whether to publish for comment a set of exemptions letting crypto startups raise capital without complying with traditional securities offering rules, an escape hatch from registration that founders have sought for years. A vote would not have
