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SEC Chair Paul Atkins Signals Imminent Crypto Financing Regulatory Framework

SEC Chair Paul Atkins said Monday the agency is preparing to propose a new crypto regulatory framework aimed at clarifying how it will oversee the sector, including which types of transactions should be treated as securities and which should not. Speaking in remarks cited by ChainCatcher via CoinDesk, Atkins said the draft rule has already been submitted to the White House Office of Information and Regulatory Affairs, putting it one step from formal publication. He added that the initiative will be grounded primarily in the Securities Act of 1933 and is expected to address areas such as fundraising and exemptions for startups. After a Q&A session, Atkins also said the SEC plans to roll out the long-awaited "innovation exemption" in the near term.
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