The US Securities and Exchange Commission abruptly cancelled a meeting that was expected to advance new crypto rules, adding another delay to Washington’s effort to create a clearer regulatory framework for digital assets.
The meeting was expected to consider proposals that could make it easier for crypto companies to operate outside parts of the traditional securities framework, including exemptions for startups raising capital.
Under Chair Paul Atkins, the SEC has taken a much more crypto-friendly approach. The agency has been working on measures including a safe harbor for token sales and an innovation exemption designed to give digital asset companies more room to experiment with new products.
The cancellation comes as the crypto industry’s broader push for regulatory clarity also faces delays in Congress. The Senate postponed further action on the Clarity Act until after its August recess, with a key procedural vote expected in September.
The SEC said the meeting was canceled because of an unforeseen scheduling issue, rather than a change in its approach to crypto regulation.
Investor takeaway: The SEC remains more supportive of crypto under Atkins, but both regulatory and legislative progress is taking longer than the industry hoped. The next major focus will be whether the SEC reschedules its vote and whether the Clarity Act can advance when the Senate returns.
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