The US Securities and Exchange Commission (SEC) is considering an 'innovation exemption' to encourage the development of more onchain products and services. SEC Chair Paul Atkins, a former crypto lobbyist, mentioned during a crypto roundtable that he has instructed staff to explore a relief framework for temporary exemptions. These exemptions would waive specific regulatory requirements to promote innovation in emerging tech sectors, as long as certain conditions are met. Atkins believes this approach will expedite the introduction of onchain products and services to the market while the SEC reviews potential amendments to its rules. The goal is to support President Trump's vision of making America a leading hub for crypto innovation. Additionally, Atkins has requested staff to assess whether adjustments to existing rules would accommodate issuers and intermediaries involved in onchain financial systems. The SEC's Crypto Task Force, established earlier this year, aims to develop a comprehensive crypto framework for the agency. Read more AI-generated news on: https://app.chaingpt.org/news

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