In brief
- SEC Chair Paul Atkins said Tuesday he plans to roll out an “innovation exemption” for some digital assets by year-end.
- The exemption is part of Project Crypto, an SEC initiative which could ease rules for ICOs, airdrops, and other crypto activities.
- Atkins said the changes, which could also impact New Deal-era financial laws, will help the U.S. lead in digital asset innovation.
SEC Chair Paul Atkins said Tuesday that he aims to institute an “innovation exemption” for certain digital assets by year’s end, in the most tangible sign yet of how quickly the regulator’s aggressive pro-crypto push is taking shape.
Atkins gave the timeline update this morning during an appearance on Fox Business, in which he also announced plans for the SEC to complete certain crypto rulemakings “in the coming months.”
In July, Atkins unveiled “Project Crypto”—an SEC initiative to dramatically lower regulatory burdens for the crypto industry and to accelerate the integration of digital assets with the traditional U.S. economy.
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Author: Sander Lutz
