The U.S. Securities and Exchange Commission (SEC) announces "Innovation Exemption" for cryptocurrency firms
The U.S. Securities and Exchange Commission (SEC) is preparing to introduce an "Innovation Exemption" by the end of 2025, facilitating cryptocurrency companies to launch pioneering products under a streamlined regulatory framework. This move, led by SEC Chairman Gary Gensler, signifies a shift towards promoting innovation while maintaining investor protection.
By providing clear guidelines and collaborating with the Commodity Futures Trading Commission (CFTC), the SEC aims to keep the United States at the forefront of global innovation in the cryptocurrency space, attract more institutional investments, and reduce legal ambiguity. This could bring about a significant transformation in decentralized finance (DeFi), cryptocurrency derivatives, and emerging blockchain technologies.
Please follow up