stable coins
By Sydney TheCMO
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SIFMA's Long Campaign Against Fast-Track Relief. SIFMA didn't come out of nowhere on this. Over the past year, the Wall Street trade group has…
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White House Steps In Before Senate Vote. Multiple sources say the White House asked the SEC to postpone the meeting.
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What Happens at the White House Wednesday. The meeting may be canceled, but the conversations aren't stopping.
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The SEC scrapped a scheduled Friday meeting meant to kick off a formal rulemaking process for crypto fundraising. Gone, just like that.
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That's a pretty significant combination of forces bearing down on one meeting.
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SIFMA didn't come out of nowhere on this. Over the past year, the Wall Street trade group has resisted broad regulatory relaxations for crypto and tokenized securities firms, and…
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SIFMA also made clear it wasn't bluffing. The group signaled it would consider legal challenges if it believed the SEC exceeded its authority. That's not a subtle warning.
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The SEC's Crypto Task Force had been working on something called an innovation exemption — basically a mechanism to give crypto firms more operational flexibility when dealing…
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Multiple sources say the White House asked the SEC to postpone the meeting. The concern wasn't just procedural.
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More context: ECB Survey Finds Crypto Accepted at Just 1% of Eurozone Physical Stores
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The Clarity Act itself is far from settled. Key sticking points include DeFi protections, rules for developers, ethics provisions for government officials, and stablecoin yield…
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The meeting may be canceled, but the conversations aren't stopping. SEC Chairman Paul Atkins and CFTC Chairman Michael Selig are both set to attend a White House event on…
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The day after, Selig will host the first meeting of the CFTC's Innovation Advisory Committee. Several crypto and finance executives are set to participate.
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For crypto firms that had been watching the SEC's planned framework closely, the cancellation stings.
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Related: SafePal Data Breach Hits 40,000 Crypto Wallet Users After Phishing Wave
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