SEC cancels Aug. 14 Regulation Crypto meeting, delaying proposal vote

The U.S. Securities and Exchange Commission canceled its Aug. 14 open meeting on Regulation Crypto, postponing a planned vote on whether to publish proposed rules for certain crypto asset offerings. The session had been set for 10:00 a.m. ET with a single agenda item covering a tailored offering regime for certain investment contracts involving crypto assets. The SEC's formal notice confirmed the cancellation without giving a reason or a replacement date, while an agency spokesperson told Reuters the meeting would be moved due to an unforeseen scheduling issue. The delay does not indicate that the proposal has been withdrawn. Reginfo.gov still lists the SEC's Crypto Assets proposal, RIN 3235-AN38, as pending review after it was received on Aug. 12. If commissioners later approve publication, the measure would enter the notice-and-comment process rather than taking effect immediately. SEC Chair Paul Atkins had previously outlined possible components of Regulation Crypto, including a temporary startup exemption, a larger fundraising exemption, and an investment contract safe harbor. In March remarks, he cited illustrative figures of up to four years and roughly $5 million for a startup exemption, and as much as $75 million during a 12 month period for a separate fundraising exemption, though those figures are not final rules. The postponement also shifts attention back to the Digital Asset Market Clarity Act, with Senate Majority Leader John Thune's cloture motion on the motion to proceed to H.R. 3633 set to ripen at 2:15 p.m. on Sept. 15 after lawmakers return.

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