The U.S. Securities and Exchange Commission abruptly called off a meeting scheduled for Friday that was expected to include a vote on whether to propose sweeping new rules for crypto asset offerings, according to a statement from an agency spokesperson.

The meeting was set to consider publishing a proposal known informally as Regulation Crypto, which would establish a bespoke offering regime for digital asset investment contracts under the Securities Act. An SEC spokesperson attributed the postponement to “an unforeseen scheduling issue,” without providing further details.

The delay lands at a delicate moment for the crypto industry. The Senate left Washington on Saturday for a five-week recess without voting on the Digital Asset Market…