The US Securities and Exchange Commission is on the verge of unveiling a proposed 'regulation crypto' that will clarify its stance on the cryptocurrency industry, including the distinction 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 aims to provide clarity on fundraising and startup exemptions.
Atkins also hinted at the upcoming release of the long-awaited innovation exemption, which is designed to foster experimentation without disadvantaging established companies. He emphasized the importance of congressional support, urging the audience to engage in the upcoming election to ensure a favorable regulatory environment for the crypto industry.