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The US Securities and Exchange Commission (SEC) is preparing a new policy that could allow crypto-related financial products to enter the market more quickly.
Chair Paul Atkins revealed that the agency is working on a proposal called an "innovation exemption", which aims to introduce it before the end of the year.
Speaking on Fox Business, Atkins mentioned that the Commission is drafting rules over the next few months to support this exemption. The plan is to provide a temporary path for companies dealing with digital assets.
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These firms could release new products with fewer restrictions, while the SEC continues to develop clearer, more tailored rules for the crypto industry.
This type of exemption would not eliminate oversight entirely. Instead, it would provide businesses with a short-term option to operate under lighter regulations.
Atkins also responded to a question about the recent launch of the first US-based crypto product that includes several digital currencies. This exchange-traded product (ETP), introduced on September 19, gives investors exposure to Bitcoin
It was launched under a new framework adopted by the SEC that simplifies the listing process for certain exchange-traded funds (ETFs) under Rule 6c-11.
He explained that the SEC wants to move away from one-off approvals and instead offer a stable set of expectations. The goal is to create a reliable environment where companies can plan and launch products with more clarity.
Recently, Atkins introduced a proposal that would allow companies offering crypto services, such as trading, lending, and staking, to operate under a single regulatory system. What did he say? Read the full story.
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