Wall Street Pushback Halts SEC's Crypto Fundraising Framework, Sources Say
The SEC abruptly canceled a planned meeting that was expected to launch formal rulemaking for “Regulation Crypto Assets,” a proposed framework for crypto fundraising. The agency said only that an unforeseen scheduling issue caused the delay. Reports suggest the White House asked for the postponement because the proposal, along with a separate SEC innovation exemption for tokenized securities, could complicate negotiations over the Clarity Act. SIFMA has also pushed back against broad SEC relief for crypto firms and, according to sources, may have considered legal action if the agency exceeded its authority. The meeting may be rescheduled after the Senate returns. Meanwhile, Trump is expected to host SEC and CFTC leaders plus major crypto and finance executives at a White House event, while Senate negotiators continue work on unresolved Clarity Act issues ahead of a September 15 vote.
