SEC Cancels Meeting on Proposed Crypto Offering Rules Due to Scheduling Issue

The US Securities and Exchange Commission (SEC) has canceled an open meeting scheduled for Friday that was expected to consider new cryptocurrency rules. The SEC said Thursday that the meeting had been canceled due to "an unforeseen scheduling issue." The commission had been expected to consider whether to propose a "tailored offering regime for certain investment contracts involving crypto assets." The SEC told Reuters that the meeting would be moved. The agency did not immediately respond to Cointelegraph’s request to comment. The Senate left for its August recess without voting on the Digital Asset Market Clarity Act, which would provide a comprehensive framework for financial regulators overseeing the crypto industry. SEC Chair Paul Atkins told CNBC on July 27 that the agency was "ready, willing, and able to come out with rules" on digital assets if the Senate failed to pass the CLARITY Act.