The Securities and Exchange Commission cancelled Friday’s meeting where its three commissioners were scheduled to vote on proposing the first crypto-specific regulatory framework ever considered by the agency. The postponement, officially attributed to an unforeseen scheduling conflict, comes as the Senate departed Washington on Saturday for a five-week recess without advancing the Clarity Act, the bill meant to clarify the legal status of crypto assets. Traders on Myriad put the chances of the bill becoming law by 2026 at 20%. In March, SEC Chairman Paul Atkins had proposed a safe harbor covering crypto startups valued up to $5 million, fundraising under $75 million, and tokens whose creators have ceased all essential managerial involvement.
Source: Read the original article
