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SEC Plans Crypto Fast-Track Rule with ‘Innovation Exemption’

Key Takeaways

  • ​The SEC is working on an "innovation exemption" to let crypto firms launch products with fewer rules before tailored regulations are finalized;
  • Chair Paul Atkins says the goal is to introduce the exemption by year-end, which offers temporary relief while formal rules are being drafted;
  • A multi-crypto ETP launched under new SEC rules shows the agency's push for faster, more predictable approval of digital asset products.

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SEC Plans Crypto Fast-Track Rule with ‘Innovation Exemption’

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 BTC $113,163.00 , Ethereum ETH $4,172.98 , XRP XRP $2.89 , Solana SOL $212.59 , and Cardano ADA $0.8223 .

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.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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