The U.S. Securities and Exchange Commission (SEC) has indefinitely postponed its meeting to unveil guidelines for regulating digital assets due to scheduling conflicts.
On August 14, 2569, at 04.53:XNUMX a.m., Bloomberg News reported that The U.S. Securities and Exchange Commission (SEC) canceled a meeting originally scheduled for Friday, where new regulatory guidelines for digital assets were expected to be unveiled. This marks the latest delay in efforts to clarify regulations for the cryptocurrency industry, after key legislation failed to pass Congress.
The SEC had previously announced it would hold a meeting to consider ways to create a specific offering system for certain types of investment contracts involving cryptocurrency assets. However, an SEC spokesperson revealed on Thursday that the meeting had to be postponed due to unforeseen scheduling conflicts.
This move comes as efforts to push through legislation regulating the cryptocurrency market in the United States are also facing obstacles, after legislators failed to pass the bill before the Senate went into its August recess.
One of the key factors slowing the process is the bipartisan conflict over ethics requirements aimed at limiting public officeholders' involvement in the cryptocurrency industry, following President Donald Trump's report of earning $1.4 billion from cryptocurrency and Memecoin-related businesses in 2568.
John Toon, the Senate Majority Leader. They have filed a motion to prepare for a legislative vote on the bill, known as the Clarity Act, when the Senate reconvenes in mid-September.
However, the timeframe for pushing through the legislation is quite limited, as Congress will only have a short time to consider the bill before political attention shifts to the US midterm elections.
Delays on both the SEC and Congress mean the digital asset industry will continue to face regulatory clarity, despite government and regulatory efforts to frame the crypto market.
SEC Commissioner Paul Atkins has consistently emphasized that establishing clear regulations for the digital asset industry is the SEC's top priority, and has urged legislators to continue pushing for legislation on the structure of the crypto market.
refer : bloomberg.com
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