SEC Cancels Meeting on Crypto Offering Rules
SEC canceled a Friday open meeting that would have considered a targeted offering regime for some crypto investment contracts, citing ‘an unforeseen scheduling issue.’
The Securities and Exchange Commission canceled an open meeting scheduled for Friday, the agency announced Thursday. The agency cited ‘an unforeseen scheduling issue’ as the reason for the cancellation.
The session was to consider whether to propose a targeted offering regime for certain investment contracts that involve crypto assets. The agenda item focused on rules for how those investment contracts might be offered to investors rather than a broad rewrite of digital-asset regulation. No new date for the meeting was announced.
The cancellation comes after Congress left for its August recess without voting on the Digital Asset Market Clarity Act, a bill designed to set a regulatory framework for digital assets and the agencies that oversee them.
SEC Chair Paul Atkins stated on July 27 that the commission was ‘ready, willing, and able to come out with rules’ on digital assets if the Senate did not pass the CLARITY Act.
The agency did not provide further details about rescheduling or the timing of any proposal.
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