SEC Chair Proposes ‘Innovation Exemption’ for Crypto

U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins announced his intention to create regulatory frameworks that encourage innovation in the crypto sector, bypassing the need for new legislation. In an interview with CNBC’s Squawk Box, Atkins revealed his plans for a ‘innovation exemption’ aimed at fostering growth within this industry. He believes the SEC has the authority to introduce such exemptions without waiting for additional legislation and emphasized his eagerness to embrace opportunities in emerging areas of innovation.