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SEC postpones Friday meeting on crypto startup exemptions
The agency was expected to consider exemptions that could let crypto startups raise capital without following traditional securities offering requirements.
The US Securities and Exchange Commission postponed a Friday meeting where commissioners were expected to consider new exemptions for crypto companies raising capital.
An SEC spokesperson said the meeting would be rescheduled because of an unforeseen scheduling issue. The agency did not provide a new date.
Commissioners had been expected to vote on whether to propose exemptions that could allow crypto startups to raise funds without complying with some traditional securities offering requirements.
SEC Chair Paul Atkins has previously discussed creating a safe harbor for token sales as well as a startup exemption that could let crypto companies raise limited amounts of capital or operate for a set period under reduced regulatory requirements.
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The delay comes as the Senate begins its August recess without voting on the Clarity Act, a broader crypto market structure bill that remains one of the industry’s main legislative priorities.
The SEC is separately developing an innovation exemption that could allow companies to test digital asset business models, including tokenized securities, without immediately being subject to the full set of existing securities rules.