SEC cancels meeting on crypto rules and innovation exemptions

The U.S. Securities and Exchange Commission canceled a public meeting that was expected to discuss its Reg Crypto proposal and unveil parts of a long-delayed innovation exemption for security token issuers, with no official reason given. People familiar with the matter said concerns over the Digital Asset Market Clarity Act, known as the Clarity Act, drove the decision because White House and congressional negotiators did not want separate SEC action to complicate the bill's path ahead of a Senate cloture vote scheduled for September 15. The delay also sharpens timing risks, as the SEC would still need to run a full rulemaking process that industry sources said could take about a year, followed by another year for companies to prepare for compliance. Attention is now shifting to a White House meeting with crypto and prediction market stakeholders on the 19th and the CFTC Innovation Advisory Committee's inaugural session on the 20th, where crypto regulation, AI and prediction markets are set to be discussed.

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