SEC Chair Proposes Crypto Regulation Overhaul: What it Means for Digital Asset Companies

The US Securities and Exchange Commission (SEC) Chair, Paul Atkins, has proposed new rules that could impact how the agency regulates digital assets, potentially allowing crypto companies to operate in the US with less oversight. The proposed changes include establishing safe harbors, exempting certain crypto activities, and revising broker-dealer rules to reduce reporting burdens. These changes aim to create a clearer regulatory framework for crypto assets and provide more certainty to the market. The proposed rules will undergo a public comment period and review before adoption, signaling a shift in the SEC’s approach to crypto regulation since Atkins took over as the chair.

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