The SEC meeting scheduled for August 14th to vote on the ‘Regulation Crypto’ agenda has been postponed due to an unforeseen scheduling issue. This meeting would have allowed crypto startups to obtain exemptions enabling them to raise funds without complying with all traditional securities requirements. The US Senate has entered a five-week recess without voting on the CLARITY Act, further delaying the regulatory clarity sought by the crypto industry. The SEC remains committed to crypto reforms but may be waiting for the CLARITY Act to pass before taking action, despite the bill having only 21% odds of approval.
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