The U.S. Securities and Exchange Commission canceled a public meeting that had been scheduled for Friday, removing a near-term venue for discussing a proposed issuance framework tailored to crypto asset investment contracts. The agency said the cancellation was due to 「unforeseen scheduling issues」 and did not offer additional details.
The move came after the Senate entered its August recess without holding a full-chamber vote on the Cryptocurrency Market Structure bill, known as the CLARITY Act. That timing has drawn attention because SEC Chair Paul Atkins said in a July 27 CNBC interview that if the Senate failed to pass the CLARITY Act, the SEC was 「ready, willing, and able」 to issue rules for digital assets.
The CLARITY Act had previously missed its pre-recess voting window because of a dispute over who should hold enforcement authority for ethics provisions. With the SEC meeting now canceled and the Senate out of session, the path for the agency’s next steps on crypto regulation is less clear.
The U.S. Securities and Exchange Commission has canceled a public meeting that had been set for Friday. The meeting had been scheduled to consider a tailored issuance framework for crypto asset investment contracts.
The SEC said the meeting was canceled because of 「unforeseen scheduling issues」. It did not provide further details.
The cancellation came after the Senate entered its August recess without a full Senate vote on the Cryptocurrency Market Structure bill, or the CLARITY Act.
SEC Chair Paul Atkins said in a July 27 interview with CNBC that if the Senate did not pass the CLARITY Act, the agency was 「ready, willing, and able」 to issue rules for digital assets.
Earlier, the CLARITY Act missed its voting window before the recess because of a dispute over who should have enforcement authority for ethics provisions.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
