According to reports from Wu, SEC Chairman Paul Atkins announced at the fourth cryptocurrency working group roundtable that the SEC will shift to a more supportive regulatory policy for cryptocurrencies and plans to formulate new guidelines. Future policies will be regulated through rule-making and exemption mechanisms and will consider allowing funds and advisors to self-custody under specific conditions. Atkins stated that he will explore conditional exemptions for registered or unregistered entities intending to launch new products to accommodate innovative products outside the existing regulatory framework.

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