White House mix-up delayed SEC crypto rule

Key Points:

• The SEC postponed the release of a regulatory framework for certain digital assets due to White House concerns that a related rule could delay cryptocurrency legislation, leading to the cancellation of a planned Friday meeting.
• The SEC commissioners later voted individually on the framework, with an SEC spokesperson attributing the meeting cancellation to an "unforeseen scheduling issue," while others said the regulations were still under review.
• President Trump is set to host crypto executives at the White House amid stalled legislation that would formalize the SEC’s current approach to digital asset regulation.
• The White House excluded prediction markets like Kalshi from the CFTC Innovation Advisory Committee’s inaugural meeting to avoid negative optics following a controversy involving Kalshi and a teleprompter operator betting on Trump’s speeches.
• Key attendees at the CFTC meeting will include leaders from major crypto firms and trade associations, while CME Group, currently suing the CFTC, is notably absent.