SEC delays crypto initiatives amid CLARITY Act wait

• Key takeaway: The agency planned to hold an open meeting Friday to consider proposing new rules "to create a tailored offering regime for certain investment contracts involving crypto assets." That meeting was canceled due to an "unforeseen scheduling issue."
• Expert quote: "The SEC is committed to delivering on the president's agenda to bring certainty to the crypto space." — SEC spokesperson
• What's at stake: Some have posited that the postponement of the crypto regulation meeting could be tied to the agency waiting for Congress to pass the CLARITY Act. 

The Securities and Exchange Commission was set to kick off several crypto related initiatives Friday, but the meeting was indefinitely postponed.

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The agency planned to hold an open meeting to consider issuing a release proposing new rules "to create a tailored offering regime for certain investment contracts involving crypto assets," according to a public notice published earlier this week. On Thursday, the open meeting was shelved.

An SEC spokesperson attributed the cancellation to an "unforeseen scheduling issue" and said the meeting would be rescheduled "to a later date." No date was provided. 

"The SEC is committed to delivering on the president's agenda to bring certainty to the crypto space," the SEC spokesperson said in a written statement.