SEC Slams the Brakes: Delays Reg Crypto Proposal, Tokenization Exemption Also Stalls
The U.S. Securities and Exchange Commission (SEC) has abruptly hit the brakes on crypto legislation. According to a CoinDesk report, the SEC postponed without notice a meeting originally scheduled to propose the “Reg Crypto” framework for crypto issuances, and provided no new date. At the same time, the tokenized securities “innovation exemption,” which the market had expected to roll out at the fastest as early as this week, was also reportedly delayed. This is the opposite of the direction implied by earlier reports—just days ago, the market was still expecting these two sets of rules to come into effect back-to-back.
Reg Crypto meeting scrapped, tokenization exemption not on the agenda
Reg Crypto was originally meant to tailor an issuance framework for “specific investment contracts involving crypto assets,” addressing how crypto projects can raise funds while complying with federal securities laws. Previously, there were reports that the SEC was preparing to put forward this framework, and the market had also at one point heard it could arrive as soon as this week—along with an innovation exemption for tokenized stocks and permission for 24/7 trading of exchange-listed stocks on-chain. Now, with the meeting delayed, no new date set, and the published agenda lacking a separate item for the tokenization exemption, the timeline remains unclear.
The sticking point is the CLARITY Act: the SEC fears moving first could disrupt congressional consensus
The reported reason for the delay points to coordination with Congress’s CLARITY Act. According to the report, provisions in the bill related to tokenization are still under discussion among different parties. If the SEC were to roll out an exemption first, it could potentially throw off the consensus forming around those provisions. As a result, this measure may continue to be put on hold until the direction of the CLARITY Act becomes clearer.
In other words, this time the SEC isn’t opposing tokenization—it’s choosing to wait for legislation first, and then proceed with administrative rulemaking, avoiding conflict with the congressional version.
For businesses hoping to get first-mover advantage with on-chain stocks and crypto fundraising, the schedule is once again uncertain.
This article “SEC Slams the Brakes: Delays Reg Crypto Proposal, Tokenization Exemption Also Stalls” first appeared on.
The U.S. Securities and Exchange Commission (SEC) has abruptly hit the brakes on crypto legislation. According to a CoinDesk report, the SEC postponed without notice a meeting originally scheduled to propose the “Reg Crypto” framework for crypto issuances, and provided no new date. At the same time, the tokenized securities “innovation exemption,” which the market had expected to roll out at the fastest as early as this week, was also reportedly delayed. This is the opposite of the direction implied by earlier reports—just days ago, the market was still expecting these two sets of rules to come into effect back-to-back.
Reg Crypto meeting scrapped, tokenization exemption not on the agenda
Reg Crypto was originally meant to tailor an issuance framework for “specific investment contracts involving crypto assets,” addressing how crypto projects can raise funds while complying with federal securities laws. Previously, there were reports that the SEC was preparing to put forward this framework, and the market had also at one point heard it could arrive as soon as this week—along with an innovation exemption for tokenized stocks and permission for 24/7 trading of exchange-listed stocks on-chain. Now, with the meeting delayed, no new date set, and the published agenda lacking a separate item for the tokenization exemption, the timeline remains unclear.
The sticking point is the CLARITY Act: the SEC fears moving first could disrupt congressional consensus
The reported reason for the delay points to coordination with Congress’s CLARITY Act. According to the report, provisions in the bill related to tokenization are still under discussion among different parties. If the SEC were to roll out an exemption first, it could potentially throw off the consensus forming around those provisions. As a result, this measure may continue to be put on hold until the direction of the CLARITY Act becomes clearer.
In other words, this time the SEC isn’t opposing tokenization—it’s choosing to wait for legislation first, and then proceed with administrative rulemaking, avoiding conflict with the congressional version.
For businesses hoping to get first-mover advantage with on-chain stocks and crypto fundraising, the schedule is once again uncertain.
This article “SEC Slams the Brakes: Delays Reg Crypto Proposal, Tokenization Exemption Also Stalls” first appeared on.