SEC cancels key crypto regulatory meeting
The SEC canceled a meeting on proposed crypto offering rules after the Senate left for recess without voting on the CLARITY Act.
The U.S. Securities and Exchange Commission (SEC) has cancelled a scheduled meeting for Friday, which was anticipated to discuss potential new rules for cryptocurrency offerings. The SEC announced on Thursday that the meeting had been canceled due to an unforeseen scheduling issue. This decision comes after the Senate recessed for its August break without voting on the Digital Asset Market Clarity Act, a comprehensive framework aimed at providing financial regulators with guidelines for overseeing the crypto industry.
SEC Chair Paul Atkins had previously expressed readiness to propose rules on digital assets if the Senate failed to pass the CLARITY Act, which was intended to offer a framework for regulating the crypto market.
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