The agency pulled the August 14 open meeting where its three Republican commissioners were set to vote on publishing Regulation Crypto, a roughly 400-page proposal creating three exemption pathways for token offerings, including a $75 million annual fundraising cap and a decentralization safe harbor. The cancellation notice appeared August 13, one day after the White House regulatory affairs office had already received the rulemaking package. Commissioner Hester Peirce, who has led the SEC Crypto Task Force since January 2025, leaves the agency in November, which would drop the commission to two active members.