US SEC Chairman: Rules on Cryptocurrency Fundraising Regulations Will Be Released Soon
BlockBeats News, April 7, according to CoinDesk, SEC Chairman Paul Atkins said on Monday that the agency is about to propose a "crypto regulation" proposal to further clarify its approach to regulating the crypto industry and to define which transactions may be considered securities and which are not.
SEC Chairman Paul Atkins stated that the committee's new "crypto regulation" has now been submitted to the White House Office of Information and Regulatory Affairs, which means it is just one step away from official release. He said this rulemaking is primarily based on the Securities Act of 1933 and will address issues such as fundraising and exemptions for startups.
During the Q&A session, he also mentioned that the SEC plans to soon launch the long-awaited "innovation exemption."
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