The Securities and Exchange Commission is nearing the release of a comprehensive cryptocurrency regulatory framework, which will clarify its approach to overseeing the industry and define the boundaries between securities transactions and non-securities transactions, as announced by SEC Chair Paul Atkins on Monday. The proposed regulation, currently under review by the White House Office of Information and Regulatory Affairs, focuses on the Securities Act of 1933 and will address fundraising and startup exemptions. Atkins also revealed that the SEC plans to introduce an innovation exemption soon, which aims to foster experimentation within a defined framework without disadvantaging established companies. The SEC's rulemaking process is progressing, despite potential congressional actions, and Atkins emphasized the importance of engagement in the upcoming election to ensure a supportive Congress.