The American securities regulator works on an “innovation exemption” to stir up the creation of more ONCHAIN products and services, according to the president of the Securities and Exchange Commission Paul Atkins.
Atkins, a former cryptographic lobbyist, said in a round table of Monday crypto led by the working group on the dry crypto entitled DEFI and the American spirit that he ordered the staff to consider a conditional exemption rescue framework.
Exemptions could accelerate innovation
These temporary exemptions would relieve companies from specific regulatory requirements to promote innovation in the emerging technology sectors, provided they meet certain conditions.
Atkins said that this would accelerate the process of marketing ONCHAIN products and services while the SEC staff examines the changes in the rules and regulations of the Commission.
“An exemption from innovation could help to achieve the vision of President Trump to make America the cryptographic capital of the planet by encouraging developers, entrepreneurs and other companies that are ready to comply with certain conditions to innovate with onchain technologies in the United States,” he said.
At the same time, Atkins said that he had asked the staff to examine whether the changes in commission rules and regulations would provide housing necessary for transmitters and intermediaries who seek to administer ONCHAIN’s financial systems.
“The most recent rules and regulations are based on the regulations of issuers and intermediaries, such as brokers, advisers, exchanges and compensation agencies,” he said.
“The editors of these rules and regulations probably did not consider it that the self-executing software code could move these issuers and intermediaries.”
Crypto Framework is always a work in progress
The agency’s crypto working group was launched on January 21 by the acting president of the SEC, Mark Uyeda, who was responsible for establishing an exalted crypto executive for the agency.
Atkins revealed in the remarks of June 3 to the Senate’s sub -comprint of the financial services that the SEC will display its cryptographic policies with “opinion and commentary” and move away from its rules before the courts.
He previously appeared before the legislators on May 20 and said that the Crypto working group would publish its first report in the coming months.
New dry approach
During the round table of Monday cryptography, Atkins also denounced the previous administration under the former president of the SEC, Gary Gensler, and his approach to the crypto.
Gensler was strongly criticized by the cryptographic industry for having supposedly created a policy through legal proceedings and regulations rather than regulation.
In relation: Dry invoices a UNICOIN Crypto platform on an alleged fraud of $ 100 million
Since Gensler resigned on January 20, the SEC adopted a different approach from the crypto, rejecting long -term application measures against cryptographic companies.
SEC staff also published advice on the most common cryptographs features, claiming that it does not violate securities laws, as well as information on how federal securities laws could apply to crypto.
Review: The U-turn of the dry on the crypto leaves key questions unanswered
