The U.S. Securities and Exchange Commission (SEC) is working to finalize a new ‘innovation exemption’ by the end of 2025.
It’s a huge change from the old way of doing things. The previous approach, which many called ‘regulation by enforcement,’ made it difficult for crypto companies to grow in the U.S., pushing much of the innovation overseas.
If the SEC achieves its goal, we could see more innovation like Bitcoin Hyper ($HYPER), which aims to transform the original digital currency.
Getting into the Weeds on the New Plan
The ‘innovation exemption’ is less of a free pass and more of a supervised test kitchen. This new framework is part of a bigger project called ‘Project Crypto.’
It’s designed to give companies building in DeFi, tokenization, and other new financial areas some breathing room. They’ll receive temporary relief from specific SEC rules, which means they can test out their ideas without incurring substantial expenses on lawyers or facing constant litigation.
For the SEC, it’s a chance to get a front-row seat to see how the new technologies actually work in the real world. This direct observation will help them create better, more sensible rules for the future.
Industry leaders are cautiously optimistic, hoping this move will attract the brightest minds and most innovative projects back to the U.S., helping the country regain its leadership position in the digital finance space.
And if innovation is the order of the day, Bitcoin Hyper ($HYPER) is the main dish as a way to bring $BTC
Go to Source to See Full Article
Author: Ben Wallis