SEC chair Paul Atkins floats 'safe harbor' exemptions for crypto
The chair of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, has stated that the regulator should consider providing a range of exemptions to cryptocurrency companies to allow them to use "bespoke pathways" for fundraising.
Speaking at a blockchain conference, Atkins said the SEC should develop a "safe harbor" for crypto projects to help them comply with existing regulations without harming innovation.
According to him, such measures would allow crypto companies to raise funds from investors more flexibly and efficiently, while still operating within the legal framework.
The SEC chair's proposal reflects the regulator's desire to strike a balance between the need to protect investors and support the development of the crypto industry in the United States. Many observers note that the current SEC rules create significant difficulties for startups working with cryptocurrencies and blockchain.
The implementation of a "safe harbor" could be an important step towards more favorable regulation of the cryptocurrency industry in the United States.