The US Securities and Exchange Commission (SEC) has canceled a meeting where it was expected to propose its first major crypto rule, known as Reg Crypto, as reported by CoinDesk.
This sudden postponement means that the proposal, which was highly anticipated, will have to wait a bit longer. No new date has been set for the meeting.
The SEC's decision to propose Reg Crypto was seen as a significant step towards regulating the cryptocurrency industry in the US. However, with this delay, the industry will have to wait longer for clarity on the proposed rules.