The agency cancelled its August 14 Regulation Crypto meeting one day before commissioners were set to vote, citing an “unforeseen scheduling issue” that no one inside or outside the building predicted. With Congress already on recess and the CLARITY Act frozen until September, the double stall leaves every token project in America waiting for rules that neither branch of government can deliver right now.
Summary
- The SEC cancelled its August 14 open meeting to vote on Regulation Crypto, a roughly 400 page proposed rule that would have created three exemption pathways for token offerings, including a $75 million annual fundraising cap and a decentralization safe harbor.
- The…
