SEC Cancels Aug. 14 Vote on Crypto Offering Rules

The U.S. Securities and Exchange Commission cancelled an Aug. 14 open meeting that had been set to consider a proposing release on new rules for certain crypto asset investment contracts. The Office of the Secretary posted a Sunshine Act cancellation notice on Aug. 13.

The meeting’s single agenda item was described as “whether to issue a release proposing new rules to create a tailored offering regime for certain investment contracts involving crypto assets.” The agenda listed Division of Corporation Finance staff as presenters: Jim Moloney, Sebastian Gomez Abero, Valian Afshar, Patrick Faller, John Fieldsend, and Irene Paik. The agenda page was last updated Aug. 10.

The cancellation removes a near-term opportunity for issuers and intermediaries to get a read on how the Commission might frame disclosures and resale conditions for such instruments. The SEC did not indicate a new date. Any rescheduled meeting would appear on the agency’s Open Meetings page with a fresh Sunshine Act notice.