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SEC crypto fundraising framework faces delays after scheduling dispute
Sources cited by Decrypt say Wall Street trade group SIFMA has raised legal concerns, and timing may hinge on whether the Clarity Act passes in September.
Decrypt reports that the SEC's crypto fundraising framework has run into pushback that is halting or delaying the process, despite the regulator pointing to an unforeseen scheduling issue.
The outlet says sources attribute the disruption to a legal threat from the Wall Street trade group SIFMA and to an administration that is reportedly waiting to see whether the Clarity Act passes in September.
As the debate continues, the outcome could affect the SEC's approach to how digital asset fundraising rules are advanced in the near term, according to Decrypt.