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SEC Delays Tokenized Exchange Exemption Again, Bullish and Coinbase Slide in Tandem
The SEC abruptly canceled a meeting on crypto asset issuance rules and pushed back its long-awaited "innovation exemption," sending Bullish tumbling 8% and Uniswap's UNI leading declines on the CoinDesk 20 Index, even as bitcoin and U.S. stock indexes stayed nearly flat on the same day.
SEC Pulls the Plug the Night Before, Reg Crypto Rules Stall on an Eight-Word Excuse
New crypto asset issuance rules set for a vote were quietly postponed by the chairman's own agency the night before the meeting, with only an eight-word reason given. The same week, the CLARITY Act stalled in the Senate, and Polymarket odds got cut from 80% to under 20%.
SEC's Tokenization Exemption Pulled Days Before Friday Press Event — White House and Wall Street Both Hit the Brakes
The "innovation exemption" that was supposed to be unveiled at Friday's open meeting has been abruptly shelved. This isn't the first time the SEC has stalled at the finish line — this time, the roadblocks are the White House and brokerage trade group SIFMA.
Congress Stalls, SEC Takes Matters Into Its Own Hands: Regulation Crypto Hits the Agenda
The Senate left the Clarity Act on the table before recess, but SEC Chair Paul Atkins isn't waiting around—he's scheduled an August 14 meeting to kick off the agency's first formal crypto issuance rulemaking process.