The SEC meeting that wasn't: State of Crypto
The U.S. Securities and Exchange Commission (SEC) abruptly canceled a meeting intended to discuss new cryptocurrency regulations and an innovation exemption. The postponement is reportedly linked to ongoing legislative negotiations regarding the Digital Asset Market Clarity Act in the Senate.
Why it matters
The delay highlights the ongoing tension between regulatory agencies and Congress in establishing a clear legal framework for the digital asset industry.
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The U.S. Securities and Exchange Commission announced early last week it would hold an open meeting where commissioners would discuss its Reg Crypto proposal to lay out how companies could fundraise using tokens and eventually get out of SEC jurisdiction if they issue their own digital assets.
The SEC was also set to unveil at least part of its innovation exemption, industry sources told CoinDesk last week, which would address to some extent how security token issuers can handle underlying securities.
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