The Securities and Exchange Commission has canceled the August 14 meeting where commissioners were expected to consider Paul Atkins' long-awaited Reg Crypto proposal, pushing back the first formal step toward a new framework for certain crypto offerings.

Senate Majority Leader John Thune still expects the CLARITY Act to receive an initial vote before lawmakers leave Washington, but his latest remarks stop well short of promising that the Senate will complete, or even begin, full consideration of the bill.

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