The U.S. Securities and Exchange Commission will hold a pivotal open meeting Friday to decide whether to formally propose the first tailored fundraising framework for digital asset offerings, accelerating a regulatory track that runs parallel to stalled legislation on Capitol Hill.

The three-member commission, all Republicans, is scheduled to convene at 10 a.m. ET on August 14 at the agency’s Washington headquarters. The sole agenda item is whether to publish proposed rules under “Regulation Crypto” and open them for public comment. Monday night’s Sunshine Act notice arrived with unusually short lead time, signaling urgency after the Senate left for its August recess without advancing the Digital Asset Market Clarity Act, known as the…