tldr; The SEC plans to formalize an ‘innovation exemption’ to provide crypto and fintech startups a regulatory framework for supervised experimentation. This move aims to replace ad hoc enforcement with clearer rules for emerging technologies like cryptocurrencies and decentralized finance. Industry leaders view this as a step toward bridging innovation and regulation, potentially reducing legal costs and fostering U.S.-based innovation. The proposal is expected to be finalized by year-end.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Great! This current administration is clearly more encouraging for crypto to grow and develop.
*Absolutely, innovation is the only way to move forward*.
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tldr; The SEC plans to formalize an ‘innovation exemption’ to provide crypto and fintech startups a regulatory framework for supervised experimentation. This move aims to replace ad hoc enforcement with clearer rules for emerging technologies like cryptocurrencies and decentralized finance. Industry leaders view this as a step toward bridging innovation and regulation, potentially reducing legal costs and fostering U.S.-based innovation. The proposal is expected to be finalized by year-end.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Great! This current administration is clearly more encouraging for crypto to grow and develop.
*Absolutely, innovation is the only way to move forward*.
^(!tip 1)