SEC close to putting out 'reg crypto' for fundraising questions, Chair Atkins says

The Securities and Exchange Commission (SEC) is close to proposing new regulations for the crypto industry, according to SEC Chair Paul Atkins. This "regulation crypto" aims to clarify the agency's approach to overseeing digital assets, distinguishing between transactions that are securities and those that are not. The proposal, currently with the White House Office of Information and Regulatory Affairs, will focus on the Securities Act of 1933 and address issues like fundraising and startup exemptions. Atkins stated that the SEC also plans to release its long-awaited innovation exemption soon, emphasizing a desire for feedback and ensuring it does not disadvantage existing market participants. He also highlighted the importance of Congressional engagement in the upcoming elections to ensure a favorable legislative environment for the crypto industry.

(Source：CoinDesk)