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The U.S. Securities and Exchange Commission has cancelled an August 14 meeting that was expected to consider proposed rules for crypto fundraising. The agency had planned to vote on whether to propose a tailored offering framework for certain investment contracts involving crypto assets.
The SEC cancelled the meeting on August 13 and has not announced a new date. Separately, the Senate also left for its August recess without completing action on the CLARITY Act.
SEC Postpones Vote on Crypto Offering Rules
The meeting was scheduled for 10 a.m. Eastern Time on August 14 at the SEC’s Washington headquarters. Commissioners were expected to consider issuing a proposal that could establish different offering requirements for certain crypto-related investment contracts.
An SEC spokesperson said the meeting would be moved due to an unforeseen scheduling issue. The agency’s formal cancellation notice did not provide further details or specify when commissioners would reconsider the proposal.
Proposal Could Ease Crypto Fundraising Requirements
The planned proposal is expected to include exemptions that could allow some issuers of crypto-related investment contracts to raise capital under tailored offering requirements. The August meeting would have considered whether to publish the proposal rather than adopting final regulations.
The initiative forms part of SEC Chair Paul Atkins’ broader effort to develop rules tailored to digital assets. Under Atkins, the agency has moved toward creating regulatory pathways for token offerings and blockchain-based financial products while reconsidering parts of its previous crypto enforcement approach.
SEC Delay Comes as CLARITY Act Waits Until September
The SEC cancellation comes as Congress separately continues work on the CLARITY Act, which would establish a broader federal market structure for digital assets. Senate Majority Leader John Thune filed closure on the motion to proceed before the August recess, leaving further consideration for September.
Both the SEC proposal and the congressional legislation therefore remain unfinished. The SEC can reschedule its meeting independently of Congress, but no replacement date for the cancelled August 14 meeting has been announced.
