The Securities and Exchange Commission announced the upcoming introduction of a special support mechanism for innovative projects in the cryptocurrency sector. Chairman of the regulator, Paul Atkins, expressed the agency’s intention to launch this initiative in the coming weeks, emphasizing that it has the necessary authority to implement it.
Contents of the New Initiative
The “Innovation Exemption” policy is designed to create a more favorable environment for the development of the crypto sector. Its implementation was previously postponed due to the temporary suspension of activities by government agencies. Now, the regulator is actively preparing for its launch, which could significantly impact the dynamics of the cryptocurrency market.
Implementation Timeline
SEC Chairman indicated in a recent interview with CNBC that the agency aims to introduce the policy within one month. This signals the seriousness of the leadership’s intentions to accelerate the regulatory process and adapt the legal framework to the needs of the growing digital financial sector.
Significance for Crypto News and Industry
Experts note that the prolonged absence of clear regulatory frameworks slowed the development of the cryptocurrency industry in the United States. The introduction of new rules is seen as a signal of the US’s readiness to participate more actively in shaping global cryptocurrency regulation standards. This could lead to an influx of institutional investments and strengthen the position of American crypto projects in the global market.
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SEC is preparing to ease regulatory requirements: a new era for cryptocurrencies
The Securities and Exchange Commission announced the upcoming introduction of a special support mechanism for innovative projects in the cryptocurrency sector. Chairman of the regulator, Paul Atkins, expressed the agency’s intention to launch this initiative in the coming weeks, emphasizing that it has the necessary authority to implement it.
Contents of the New Initiative
The “Innovation Exemption” policy is designed to create a more favorable environment for the development of the crypto sector. Its implementation was previously postponed due to the temporary suspension of activities by government agencies. Now, the regulator is actively preparing for its launch, which could significantly impact the dynamics of the cryptocurrency market.
Implementation Timeline
SEC Chairman indicated in a recent interview with CNBC that the agency aims to introduce the policy within one month. This signals the seriousness of the leadership’s intentions to accelerate the regulatory process and adapt the legal framework to the needs of the growing digital financial sector.
Significance for Crypto News and Industry
Experts note that the prolonged absence of clear regulatory frameworks slowed the development of the cryptocurrency industry in the United States. The introduction of new rules is seen as a signal of the US’s readiness to participate more actively in shaping global cryptocurrency regulation standards. This could lead to an influx of institutional investments and strengthen the position of American crypto projects in the global market.