According to CoinMeta, SEC suddenly canceled a crypto regulations meeting scheduled for Friday, which was supposed to vote on proposing the institution's first official rules specifically for cryptocurrencies. In a statement released on August 13, SEC mentioned that the meeting was postponed due to unforeseen scheduling issues, but no new date was provided. The meeting was originally scheduled to take place at 10 a.m. on August 14 at their headquarters in Washington, where the committee would consider whether to formally propose rules regarding fundraising exemptions for token projects. This emergency rescheduling is directly related to the Senate's failure to advance the Digital Assets Market Clarification Act before the recess, resulting in a stagnation of the regulatory framework for the crypto market. Markets and commentators will be watching for confirmation of the new meeting date and any explanations for this delay from SEC chairperson Atkins or other committee members.