PiCK
U.S. SEC Chair: "'Innovation exemption' for virtual asset firms to take effect in January…reducing litigation burden, supporting IPOs"
Minseung Kang
Summary
- The U.S. SEC reportedly plans to implement an 'innovation exemption' program for virtual asset firms starting next January.
- SEC Chair Paul Atkins said the revision aims to reduce litigation burdens and support initial public offerings (IPOs).
- The implementation of the innovation exemption is expected to lead to an eased regulatory environment for virtual asset firms.
A report said the U.S. Securities and Exchange Commission (SEC) plans to implement an 'innovation exemption' program for virtual asset (cryptocurrency) companies starting next January.
On the 2nd, according to crypto-focused media BlockBeats, SEC Chair Paul Atkins said, "We will amend SEC rules to reduce litigation burdens and support initial public offerings (IPOs)."
The innovation exemption for virtual asset firms is scheduled to take effect next January.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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