The U.S. Securities and Exchange Commission (SEC) canceled a meeting at the last minute that was to discuss the long-awaited “Regulation Crypto” regulation for the cryptocurrency market.
According to Reuters, the SEC canceled its open meeting scheduled for August 14 at 10:00 AM due to an unforeseen scheduling issue. The agency has not announced a new date for the meeting.
The SEC’s agenda document clearly lists the regulation as “Regulation Crypto Assets.”
As is known, the SEC was scheduled to discuss rules for establishing an initial public offering (IPO) framework for certain investment contracts involving crypto assets at today’s canceled meeting. In this context, the meeting focused on which rules would apply to the IPO processes for these specific contracts.
It is noteworthy that the SEC canceled the meeting after the US Senate postponed discussions on the comprehensive crypto regulation Clarity Act until after the August recess, while uncertainty still persists regarding a comprehensive regulatory framework for the crypto sector in the US.
*This is not investment advice.
