SEC CANCELS 'REGULATION CRYPTO' MEETING — WHITE HOUSE INTERVENED!
🚨 Regulatory bombshell: The SEC abruptly canceled its August 14 meeting to propose "Regulation Crypto Assets" — a framework that would have provided fundraising exemptions for crypto projects.
What happened behind the scenes:
· The Securities Industry and Financial Markets Association (SIFMA) — representing Wall Street broker-dealers and investment banks — threatened legal action, arguing the SEC would exceed its statutory authority
· The White House asked the SEC to postpone the meeting, fearing it would complicate CLARITY Act negotiations ahead of the September 15 Senate procedural vote
· The CLARITY Act itself remains stalled in the Senate until September
What's Next: A White House crypto summit with President Trump, SEC Chair Atkins, CFTC Chair Selig, and industry leaders from Coinbase, Ripple, and Kraken is expected this Wednesday.
$SECU.ETF
#Regulation #SEC #CLARITYAct #CryptoPolicy #WhiteHouse
🚨 Regulatory bombshell: The SEC abruptly canceled its August 14 meeting to propose "Regulation Crypto Assets" — a framework that would have provided fundraising exemptions for crypto projects.
What happened behind the scenes:
· The Securities Industry and Financial Markets Association (SIFMA) — representing Wall Street broker-dealers and investment banks — threatened legal action, arguing the SEC would exceed its statutory authority
· The White House asked the SEC to postpone the meeting, fearing it would complicate CLARITY Act negotiations ahead of the September 15 Senate procedural vote
· The CLARITY Act itself remains stalled in the Senate until September
What's Next: A White House crypto summit with President Trump, SEC Chair Atkins, CFTC Chair Selig, and industry leaders from Coinbase, Ripple, and Kraken is expected this Wednesday.
$SECU.ETF
#Regulation #SEC #CLARITYAct #CryptoPolicy #WhiteHouse