The U.S. Securities and Exchange Commission abruptly canceled a planned meeting last Friday where it was supposed to advance its Reg Crypto rulemaking and — separately — unveil its repeatedly delayed innovation exemption. The pause appears to be due to the Clarity Act.
Everything in limbo
The narrative
The U.S. Securities and Exchange Commission announced early last week it would hold an open meeting where commissioners would discuss its Reg Crypto proposal to lay out how companies could fundraise using tokens and eventually get out of SEC jurisdiction if they issue their own digital assets.
The SEC was also set to unveil at least part of its innovation exemption, industry sources told CoinDesk last week, which would address to some extent how security token issuers can handle underlying securities.
Neither of these happened.
Why it matters
