SEC Abruptly Cancels Public Crypto Rulemaking Meeting Amid Clarity Act Talks

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The U.S. Securities and Exchange Commission has abruptly canceled a public meeting it had planned to discuss digital-asset rulemaking.

CoinDesk reported on Aug. 16 that the SEC scrapped the public meeting that had been scheduled for last Thursday and said it would announce a new date later. The agency had planned to unveil a proposed "Reg Crypto" rule that would set out how companies could use tokens to raise capital without falling under SEC jurisdiction. It had also been expected to release part of a long-delayed innovation exemption framework.

CoinDesk, citing several people familiar with the matter, reported that concerns over the Clarity Act, a bill designed to define the digital-asset market, were behind the delay. The White House and Congress apparently concluded that a separate SEC move could complicate ongoing negotiations over the legislation ahead of the Senate's first vote next month.