SEC to Launch 'Innovation Exemption' for Crypto and Fintech by Late 2025
The U.S. Securities and Exchange Commission (SEC), under the leadership of Chair Paul Atkins, is set to formalize an 'innovation exemption' for crypto and fintech projects by the end of 2025 or early 2026. This move aims to foster innovation in digital assets and ease regulatory burdens. Atkins has been championing this initiative since June, when he instructed SEC staff to investigate a conditional relief framework for crypto projects. He has since reaffirmed his commitment to finalizing the innovation exemption by late 2025 or early 2026. Atkins is advocating for a regulatory model that strikes a balance between encouraging progress and protecting investors. The innovation exemption aims to allow crypto projects to operate under supervised conditions, thereby curbing the exodus of crypto developers and startups to overseas markets. Despite the ongoing government shutdown, Atkins has reassured that finalizing the innovation exemption remains a top priority for the SEC. This exemption is expected to provide a much-needed boost to the crypto and fintech sectors, promoting innovation while ensuring investor protection.
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