KEY TAKEAWAYS
- Bitcoin prices have fallen this week, with the drag also hitting crypto-linked stocks.
- The SEC canceled a meeting to discuss new crypto fundraising rules, delaying some regulatory clarity.
Crypto investors got a letdown this week—and not just from bitcoin prices.
The price of bitcoin, which was around $65,000 on Monday, sank to around $62,500 as of Friday morning. Crypto-linked stocks including Coinbase (COIN), Robinhood (HOOD), and Strategy (MSTR) were down at least 2% in morning trading.
The latest dip comes as investors are sorting through the latest regulatory developments from Washington. One that cropped up: Though the Securities and Exchange Commission on Monday said it would hold an open meeting today to discuss potential new rules around how crypto startups could raise capital, it canceled that meeting right before it was supposed to take place.
Moves to create rules for crypto-startup fundraising were seen as a consolation prize after the Senate on Saturday started its five-week recess without advancing a key crypto bill called the Clarity Act.
On Polymarket, the perceived odds of the Clarity Act passing in 2026 have sunk to 20% from highs of about 80% earlier this year.
An SEC spokesperson told Investopedia that the regulator was “committed to delivering on the President’s agenda to bring certainty to the crypto space,” citing an “unforeseen scheduling issue” for the move of today’s meeting to a yet-unscheduled date.