SEC Cancels Crypto Rule Meeting, Innovation Exemption Delayed

The cancellation matters less for what it says about crypto specifically than for what it signals about the SEC's internal bandwidth: an innovation exemption was the agency's main vehicle for giving digital-asset projects a path to operate without full registration, and letting it slip keeps that path undefined. For builders and token issuers weighing U.S. exposure, the practical effect is a longer wait with no clear timeline. Whether the exemption resurfaces on a later agenda, or stalls indefinitely, is the open question.