Overview
- The SEC canceled its open meeting that was scheduled for Friday, Aug. 14, saying the session would be moved because of an "unforeseen scheduling issue" and offering no new date.
- Commissioners had been set to vote only on whether to publish a proposal called Regulation Crypto for public comment rather than adopt final rules, a step that would have begun formal notice-and-comment rulemaking.
- The Reg Crypto proposal remains listed in the federal review system as RIN 3235-AN38, so the initiative is delayed but not withdrawn and can be rescheduled for consideration.
- Congress has pushed the CLARITY Act’s next procedural test to Sept. 15, and the White House and CFTC are holding separate meetings on Aug. 19 and Aug. 20 that could influence how agencies and lawmakers fill the vacuum.
- The delay extends legal uncertainty for startups and investors who had expected clearer fundraising pathways, and the market will watch for a new SEC meeting date, public comments from Chair Paul Atkins, and developments around the Sept. 15 Senate cloture vote.