The SEC just canceled its Reg Crypto rulemaking meeting and indefinitely postponed its innovation exemption.
Why? Concerns that any SEC action would complicate ongoing Clarity Act negotiations. This directly links congressional action to regulatory stalls.
Our read: Don't expect SEC clarity until after the Senate's October break, possibly later. Political will to act is secondary to the will to *not* impede Congress.
Would you trust a regulator to act without clear legislative direction? $BTC
Why? Concerns that any SEC action would complicate ongoing Clarity Act negotiations. This directly links congressional action to regulatory stalls.
Our read: Don't expect SEC clarity until after the Senate's October break, possibly later. Political will to act is secondary to the will to *not* impede Congress.
Would you trust a regulator to act without clear legislative direction? $BTC