Crypto▼ Bearish
SEC Delays Crypto Rules as Clarity Act Talks Intensify
SEC canceled a meeting on token offering rules, delaying crypto regulation until after the Senate's Clarity Act vote. Implementation could slip past the next election, sources say.
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The U.S. Securities and Exchange Commission has postponed key crypto regulatory initiatives as lawmakers continue negotiations over the Digital Asset Market Clarity Act. The delay raises fresh uncertainty about the timeline for federal digital asset rules.
The SEC canceled an open meeting scheduled for last Friday. Commissioners had been expected to discuss the agency's proposed "Reg Crypto" framework, which would establish clearer rules for companies raising capital through token offerings. The proposal included a potential pathway for projects issuing their own digital assets to eventually move outside SEC oversight.
The regulator also planned to reveal at least part of its long-delayed innovation exemption. That initiative could provide guidance for tokenized securities and clarify how issuers should handle the traditional securities underlying blockchain-based products. Neither initiative moved forward.
The postponements are linked to concerns surrounding the Clarity Act, according to individuals familiar with the situation. The White House and lawmakers reportedly fear that new SEC crypto rules could complicate negotiations before the Senate's expected first vote on the legislation in September.