SEC Cancels Crypto Rule Vote Days After Senate Punted Clarity Act

The meeting was announced on Monday, four days ahead rather than the customary week. Traders and lawyers read it as the SEC moving to fill the gap left when the Senate departed on Saturday for a five-week recess without advancing the Clarity Act.

That bill's next procedural test is not expected until September. Its prospects for this year are thin. Traders on Myriad, a prediction market owned by Decrypt's parent company Dastan, put the chances of it being signed into law in 2026 at 20%.

SEC Chairman Paul Atkins set out broad guidance toward crypto in March. He said a safe harbor could cover startups worth up to $5 million experimenting with crypto in their first four years, entrepreneurs raising up to $75 million through investment contracts, and tokens whose creators have ceased all essential managerial efforts. A separate innovation exemption, still in progress, would let firms experiment with blockchain-based stocks and similar products without meeting every SEC disclosure requirement.

The Commodity Futures Trading Commission is still proceeding with its own event. It will hold the inaugural meeting of its Innovation Advisory Committee on August 20. The agenda opens with a session titled "Crypto's Regulatory Evolution: From Uncertainty to Clarity" and goes on to cover artificial intelligence and prediction markets. The committee is advisory and produces recommendations, not rules.