White House mix-up delayed SEC crypto rule

The Securities and Exchange Commission (SEC) postponed the release of its regulatory framework for certain digital assets due to concerns raised by White House officials. According to sources familiar with the situation, the confusion surrounding which rule the agency intended to advance led to the cancellation of a scheduled meeting.

The framework, however, proceeded with approval as commissioners individually voted on it, as confirmed by an SEC spokesperson who attributed the cancellation to an "unforeseen scheduling issue." Despite this, a separate individual denied any connection between the crypto bill and the cancellation. Meanwhile, President Trump is set to host executives from the cryptocurrency industry at the White House, as the crypto legislation continues to face challenges in the Senate.

The event, originally expected to include prediction markets, has been adjusted to focus solely on crypto, with the White House citing "bad optics" following a recent controversy involving a teleprompter operator.