SEC Proposes Temporary Exemption for Cryptocurrency Innovation

The U.S. Securities and Exchange Commission (SEC) is reevaluating its regulatory approach to cryptocurrency, signaling a shift away from the strict framework implemented by former chairman Gary Gensler. Interim chairman Mark Uyeda has indicated a desire to foster innovation within the crypto sector through temporary exemptions. During a recent roundtable discussion organized by the SEC’s cryptocurrency task force, Uyeda proposed a limited-time exemption to facilitate advancements in cryptocurrency technologies. This approach aims to encourage further development until a more comprehensive regulatory model is established.