SEC Cancels Meeting on Crypto Rule Proposal, Legislative Process Blocked on Both Fronts

TechFlow news, August 14, according to Decrypt, the U.S. Securities and Exchange Commission (SEC) has canceled the public meeting originally scheduled for this Friday. The meeting was planned for a vote by three commissioners to discuss whether to seek public comment on an issuance exemption framework tailored for crypto assets—this would be the SEC's first push for specific legislation targeting the crypto industry.

An SEC spokesperson announced the cancellation citing "unforeseen scheduling issues," without announcing a new date.

Meanwhile, the U.S. Senate adjourned last Saturday, failing to advance the Clarity Act. Data from prediction market Myriad shows that the probability of the bill being enacted and signed into law within 2026 is only 20%.

Notably, the Commodity Futures Trading Commission (CFTC) will still hold the first meeting of its Innovation Advisory Committee as scheduled on August 20. The agenda covers topics such as "evolution of crypto regulation" and artificial intelligence, but the meeting will only produce recommendations and does not have legislative effect.