SEC Delays Digital-Asset Rule Before Friday Vote as White House Fears Senate Crypto Bill Snag
Updated
Updated · Semafor · Aug 19
SEC Delays Digital-Asset Rule Before Friday Vote as White House Fears Senate Crypto Bill Snag
3 articles · Updated · Semafor · Aug 19
Summary
The SEC held back a regulatory framework for certain digital assets after White House officials warned a separate related proposal could complicate crypto legislation stalled in the Senate.
Friday’s SEC meeting was canceled after confusion over which crypto rule would advance; only the framework—not the separate “innovation exemption”—was slated for approval, and commissioners later voted on the framework individually.
A separate person familiar with the process disputed that the Senate bill drove the delay, saying the regulations were still under review, while an SEC spokesperson had publicly blamed the cancellation on an unforeseen scheduling issue.
Wednesday’s White House crypto meeting now appears part of the broader push: Trump is set to host executives from Coinbase, Kraken, Ripple, Nasdaq and others, with prediction-market firms such as Kalshi dropped to avoid distraction.
Will the SEC's sudden delay of its crypto framework permanently stall startup exemptions, or is it a strategic pause for new legislation?
With the SEC and CFTC locked in a jurisdictional tug-of-war, who will ultimately control the trillion-dollar future of digital assets?
Does the bizarre betting scandal involving a teleprompter operator mean prediction markets are now permanently blacklisted from federal crypto discussions?