The United States Securities Commission (SEC) temporarily cancelled a meeting scheduled for 14 August, which was intended to discuss a customized distribution framework for part-encrypted investment contracts. According to foreign media, this means that the U.S. digital asset control schedule is moving back and back, and the relatively well-established currencies of XRP, HBAR and XLM are still in place in the short term.

The meeting was cancelled and the token waiver postponed.

SEC indicated that the meeting had been cancelled because of a sudden schedule and that subsequent arrangements would be made. At the same time, the programme of “innovative exemptions” around monetization was reportedly again postponed.

According to sources cited in the report, the delay may be related to the negotiation of a clause in the United States “CLARITY Act” relating to monetized securities. If the SEC had first introduced a separate exemption arrangement, it might have affected the consultation space at the parliamentary level.

18 tokens included in non-securities

An SEC document dated 17 March mentioned 18 types of encrypted assets whose tokens were described as not being securities. The market had previously cited 16 lists, but the footnotes to the document had been added to Algorand and Library Credit, bringing the total to 18.

Such expressions, if further institutionalized, could have lowered the threshold for more projects to enter compliance. But before the rules have been laid down, the market has seen them as tokens with a clearer regulatory position, with a certain pre-emptive advantage.

XRP, HBAR, XLM for the time being

According to external sources, the rule postpones the direct meaning of XRP, HBAR and XLM, not to add value, but to extend the existing pattern.

  • XRP observations remain focused on payments, liquidity and institutional access
  • HBAR looks more at business cooperation, monetization projects and chain use
  • XLM Focus on Cross-Border Transfers, Cooperation and Transaction Dynamics of Financial Institutions

If, in the future, more tokens are similarly clearly classified, the degree of differentiation brought about by regulatory status alone may decline. At that time, it is more likely that the market will reassess these projects on the basis of real business scenarios, network usage and ecological expansion.

From this point of view, the delay was not clearly partial or partial. It's more like keeping the focus of competition in place for a while: Until such time as the regulatory framework in the United States is in place, XRP, HBAR and XLM continue to have a relatively advantageous position, but this advantage is not necessarily a long-term monopoly.