The SEC pulled its own crypto vote and nobody saw it coming

The agency cancelled its August 14 Regulation Crypto meeting one day before commissioners were set to vote, citing an “unforeseen scheduling issue” that no one inside or outside the building predicted. With Congress already on recess and the CLARITY Act frozen until September, the double stall leaves every token project in America waiting for rules that neither branch of government can deliver right now. Summary The SEC cancelled its August 14 open meeting to vote on Regulation Crypto, a roughly 400 page proposed rule that would have created three exemption pathways for token offerings, including a $75 million annual fundraising cap and a decentralization safe harbor. The cancellation notice appeared on August 13, one day after the White House Office of Information and Regulatory Affairs received the Reg Crypto NPRM under tracking number RIN 3235-AN38, meaning the rulemaking package was already in the federal pipeline when the vote was pulled. The Senate left Washington on August 8 without a floor vote on the CLARITY Act, pushing the next procedural motion to September 15 and sending Polymarket odds for passage in 2026 crashing from an 82% February peak to roughly 16%. Commissioner...