SEC Targets Year-End for Crypto Rules to Support Innovation

The U.S. SEC aims to bring crypto firms under its oversight by year-end, according to Chairman Paul Atkins.
Atkins is advocating for policies favorable to digital assets, aligning with former President Trump's directives.
The SEC and CFTC encourage registered firms to advance in crypto activities and seek guidance if needed.
The SEC plans new rules for crypto securities, including exemptions and safe harbors, with a potential innovation exemption by year-end.
The rulemaking process involves multiple stages and public input, potentially delaying implementation.
The SEC recently eased the listing process for exchange-traded products (ETPs) containing spot commodities like cryptocurrencies.
Informal guidance on topics like memecoins, mining, and stablecoins is being issued, but formal rules require commission approval.
Congressional lawmakers are working on legislation to regulate U.S. crypto markets, aiming for further action by late October.
Atkins emphasizes the SEC's ability to proceed with policy development independently of Congress.