The SEC canceled its planned open meeting on “Regulation Crypto,” its first major digital-asset rule-making initiative, due to an unspecified scheduling conflict and did not announce a new date. The proposals would establish an offering framework for investment contracts involving crypto assets and introduce an innovation exemption for tokenized-securities trading, potentially facilitating 24/7 blockchain-based equity markets. Revisions to the tokenized-securities proposal would allow issuers to object to the unauthorized third-party tokenization of their shares and require trading platforms to be U.S.-domiciled with stronger anti-money-laundering controls. The delay comes as the Clarity Act remains stalled in the Senate amid disputes over ethics provisions related to President Trump’s reported $1.4 billion in crypto-related earnings. Senate Majority Leader John Thune has filed for a procedural vote when lawmakers return in mid-September, although the legislative window is narrowing ahead of the midterm elections. Analysts, including Jefferies, caution that agency guidance cannot replace legislation, as rules lacking statutory support may be vulnerable to reversal by future administrations.
Washington Crypto Weekly Review
Michael Cronan
- mike.cronan@etfinsight.net