SEC Cancels Friday's Regulation Crypto Vote

The US Securities and Exchange Commission abruptly cancelled its Friday, August 14 meeting to consider proposing Regulation Crypto, Reuters reported Thursday, citing an SEC statement that pointed to an unforeseen scheduling issue. No new date has been announced.

The meeting had been set for 10 a.m. ET to consider a release proposing a tailored offering regime for certain investment contracts involving crypto assets — the first formal crypto-specific rulemaking in the SEC's 90-year history, and one that Reuters reported could create exemptions letting qualifying crypto startups raise capital without immediately complying with the full securities registration framework. The commission had announced the meeting on unusually short notice, four days ahead rather than the standard week required under the Government in the Sunshine Act, itself a signal of how quickly the agency was trying to move. Because commissioners were only voting on whether to publish a proposal for public comment rather than adopt a final rule, the cancellation delays the start of formal rulemaking rather than rejecting the underlying policy — but it leaves crypto firms without an eligibility framework, disclosure requirements, or a timeline for when either might arrive. The Commodity Futures Trading Commission's Innovation Advisory Committee is still scheduled to meet on August 20, with crypto regulation as the first major session on its agenda.