SEC Halts Crypto Fundraising Rule Push After Wall Street Pushback
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- SEC abruptly canceled a Friday open meeting that would have initiated formal rulemaking on Regulation Crypto Assets, just three days after announcing it, citing an 'unforeseen scheduling issue'.
- SIFMA raised concerns about the SEC’s statutory authority to create broad exemptions for crypto firms, with sources indicating the trade group discussed potential legal action if the agency overstepped.
- White House asked the SEC to postpone the meeting due to fears that both the proposed Reg Crypto Assets and a separate innovation exemption could interfere with ongoing Clarity Act negotiations ahead of a September 15 cloture vote.
- CFTC will hold its inaugural Innovation Advisory Committee meeting Thursday, chaired by Walt Lukken and including major crypto executives, to discuss AI, agentic finance, and prediction markets.
- Trump is expected to deliver remarks Wednesday at a White House event attended by top crypto and traditional finance leaders, including Coinbase’s Brian Armstrong and Nasdaq’s Adena Friedman.
Why it matters: The SEC’s retreat delays regulatory clarity for crypto firms seeking fundraising rules, while preserving space for the Clarity Act to advance. With SIFMA threatening litigation and the White House coordinating timing, Wall Street’s influence has effectively paused a key regulatory initiative until Congress acts.
Ask SkimNews
