By Hannah Lang
Aug 13 (Reuters) - The U.S. Securities and Exchange Commission on Thursday abruptly canceled a meeting scheduled for Friday on whether the agency should propose new crypto-related rules.
In a statement, an SEC spokesperson said the meeting would be moved "due to an unforeseen scheduling issue."
The agency was set to vote on proposing highly anticipated exemptions that would allow crypto startups to raise capital without having to comply with traditional securities offering rules.
The delay comes after the Senate left Washington on Saturday for a five-week recess without voting on the industry's top legislative priority, the Clarity Act, suggesting the bill's chances of passage have dimmed. The bill, if passed, would create new federal rules tailored to cryptocurrencies, and would put companies on a more sound legal footing, lobbyists say.
#rules #securities #without #lang
Aug 13 (Reuters) - The U.S. Securities and Exchange Commission on Thursday abruptly canceled a meeting scheduled for Friday on whether the agency should propose new crypto-related rules.
In a statement, an SEC spokesperson said the meeting would be moved "due to an unforeseen scheduling issue."
The agency was set to vote on proposing highly anticipated exemptions that would allow crypto startups to raise capital without having to comply with traditional securities offering rules.
The delay comes after the Senate left Washington on Saturday for a five-week recess without voting on the industry's top legislative priority, the Clarity Act, suggesting the bill's chances of passage have dimmed. The bill, if passed, would create new federal rules tailored to cryptocurrencies, and would put companies on a more sound legal footing, lobbyists say.
#rules #securities #without #lang
1 day ago
