SEC Chairman announces upcoming positive crypto regulations
The Chairman of the U.S. Securities and Exchange Commission, Paul Atkins, made an important statement regarding crypto asset regulation.
Speaking at the “Digital Assets and Emerging Technologies” summit at Vanderbilt University, Atkins announced that new regulatory initiatives related to token-based financing and the DeFi sector will soon be added to the agenda.
He stated that work is underway on a new regulatory framework specifically designed to govern token fundraising processes. The new regulation, called “Reg Crypto,” will be developed in accordance with the Securities Act of 1933 and will soon be opened for public consultation.
New approach to DeFi
Atkins also revealed a new approach to regulating decentralized finance (DeFi) projects. Under the Securities Exchange Act of 1934, a provision called the “innovation exemption” will be introduced.
This exemption will allow DeFi projects to operate in a more flexible regulatory environment under certain conditions.
Political dimension
In his speech, Atkins addressed not only regulatory issues but also the political process, urging the crypto community to actively participate in upcoming elections.
He emphasized that the future regulatory approach to crypto assets will largely depend on voter behavior, meaning that the direction of the sector will be shaped at the ballot box.
See also: "New details emerge on the Clarity Act — a key crypto bill in the U.S."
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