SEC Proposes 'Innovation Exemption' to Boost Crypto Market Growth

The SEC, under Chairman Paul Atkins, is moving towards clearer regulations for the cryptocurrency market, proposing an 'innovation exemption' that could streamline the launch of new digital asset products. This initiative aims to eliminate outdated barriers and foster a more dynamic environment for innovation, potentially increasing investment in the sector. The SEC plans to evaluate this exemption by the end of the year, signaling a proactive approach to support the evolving crypto landscape.