Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingThe U.S. Securities and Exchange Commission suddenly cancels cryptocurrency rules discussion meeting, exemptions for innovative tokenized securities postponed
The U.S. Securities and Exchange Commission (SEC) suddenly canceled a meeting to discuss new cryptocurrency-related regulations, postponing its much-awaited "innovation exemption" policy for tokenized securities. According to industry sources familiar with the matter, the exemption policy was postponed after the White House and Wall Street raised concerns about legal and market impacts.
The SEC cancels Friday's meeting
The U.S. Securities and Exchange Commission canceled a cryptocurrency rules discussion meeting originally scheduled for Friday, blaming the delay on "unforeseen scheduling issues." The committee originally planned to vote on innovation exemptions that would allow cryptocurrency start-ups to raise funds without having to comply with existing securities laws, thereby reducing the regulatory burden on cryptocurrency companies. The SEC had hoped to unveil details of the exemption at its meeting on Friday and discuss "Reg Crypto" rule making-a parallel effort to develop rules for projects that use tokens to finance.
White House and Wall Street raise concerns
According to CoinDesk, a source familiar with the discussion process revealed that the White House is concerned that the proposal could disrupt ongoing negotiations on the CLARITY Act and make it more difficult to advance broader cryptocurrency legislation. The source also pointed out that SEC staff are focused on whether the legal authorization to issue broad exemptions is sufficient and whether sufficient economic analysis and procedural steps have been completed to justify the exemptions. Financial institutions have also expressed concerns. Wall Street industry group SIFMA opposes the SEC's latest move. According to an industry source, SIFMA is concerned about how blockchain-based trading platforms can integrate into existing stock market rules and emphasized that brokers have an obligation to find the best execution price for their clients. Prices are correlated between exchanges, requiring brokers to execute trades with the best available protected quote. SIFMA believes that trading securities through decentralized exchanges or automated market makers (AMM) may complicate existing frameworks because prices and execution costs may differ from traditional trading platforms.
Comprehensive reform
Under the leadership of current Chairman Paul Atkins, the SEC has abandoned former Chairman Gary Gensler's "law-enforcement supervision" model and instead developed plans to comprehensively reform capital market rules to accommodate cryptocurrency tokens and blockchain-based transactions. Atkins also publicly supports cryptocurrency companies and their view that cryptocurrency tokens are commodities rather than securities. President Trump has made cryptocurrency reform a key priority during his second term. Under the leadership of the Trump administration, the SEC has dropped lawsuits filed against Coinbase, Binance and several other cryptocurrency companies during Gensler's chairmanship. Atkins also said the SEC would introduce rules allowing companies to sell tokens and raise funds, and proposed a "tailor-made" exemption for start-up companies that would allow entrepreneurs to raise funds for a specific period of time and circumvent the SEC's regulatory rules.
