The US Securities and Exchange Commission is nearing the release of a proposed 'regulation crypto' that will outline its approach to overseeing the crypto industry. According to SEC Chair Paul Atkins, the proposal is currently under review by the White House Office of Information and Regulatory Affairs and will focus on the Securities Act of 1933, including fundraising and startup exemptions.
Atkins stated that the SEC aims to provide a framework that will allow for experimentation and innovation, without unfairly disadvantaging established companies. The agency also plans to release its long-awaited innovation exemption soon, seeking feedback from the public on its effectiveness.
Atkins emphasized the importance of Congressional support for the SEC's regulatory efforts, encouraging the audience to engage in the upcoming election and support lawmakers who understand the industry's needs.