SEC Delayed Crypto Exemption Over CLARITY Act Vote, Says Securitize

• SEC delayed its crypto exemption as lawmakers prepare for the CLARITY Act vote.
• Securitize expects the SEC framework could return after the September Senate vote.
• The proposed exemption could expand blockchain-based trading for tokenized securities.

The SEC has delayed its planned crypto innovation exemption as lawmakers prepare for a crucial Senate vote on the CLARITY Act. Brett Redfearn said the agency pulled back the proposal last Friday after concerns emerged over the legislation’s congressional path.

The decision puts the proposed framework on hold as lawmakers work to build support for broader digital asset market structure reforms.

SEC Delays Innovation Exemption Ahead of Senate Vote

Securitize President Brett Redfearn said the SEC withdrew its planned innovation exemption last Friday amid uncertainty surrounding congressional negotiations over crypto regulation.

Redfearn said the agency had expected to release the framework around August 14, shortly before lawmakers entered their summer recess.

… Continue reading the full article at the original source below.