NEW YORK – SECURITIES AND EXCHANGE Commission is still looking to formalize an “innovation exemption” for companies to rely on digital assets and other innovative technologies in the United States, potentially from the end of the quarter, said the president of the Paul Atkins agency.
While recognizing that the current government’s current closure had “paralyzed” the capacity of the dry to progress in the regulations, Atkins declared that working on this exemption was still his priority for the end of the year or the first quarter of 2026, he declared during a law report and derivatives organized by the law firm Katten Much Rosenman LLP in Midtown Manhattan on Tuesday.
The president of the SEC has opened with one of his now common choruses: this crypto is “work” and the agency has become a pro-innovation organization that seeks to encourage developers and entrepreneurs to build in the United States
“As you know, we have been four years old, at least, the repression of this industry, and with the result of the thrust of things abroad, rather than doing innovation,” said Atkins during a panel with the former SEC commissioner, Troy Paredes.
The agency intends to launch the regulations by the end of 2025 or during the first quarter of 2026, he said, according to what is happening with the closure of the US government in progress.
“We will see where it’s okay, but I have confidence [we’ll] Be able to do so, “he said on the panel.
The continuation of formal regulations in the crypto would finally put the agency beyond the regulation by application used in the previous administration or informal directives and staff tickets used in it.
During a question and answer session with journalists thereafter, he declared that the exemption, which he pushed for last month, is something that he hoped to have “in the square”.
“This is one of the main priorities to try to get it because I want to be welcoming to the innovators and have the impression of being able to do something here in the United States, so that they do not have to flee towards a foreign jurisdiction.”
The current government closed the agency’s work, said Atkins.
Although there are “essential tasks” that the agency can assume, regulations – including cryptographic regulations – is interrupted.
Market structure
Atkins praised the work of the congress to adopt cryptocurrency laws during his panel, highlighting the law on genius focused on stablecoin, although he noted that the dry had not had a major role with this bill.
“The structure of the market is a problem on the bill, and we will therefore see where it goes,” he said. “I am optimistic.”
The speakers of an earlier panel were less convinced than a bill on the structure of the market will leave the congress, at least before the end of 2025.
Summer Mersinger, CEO of the group of lobbyists from the Blockchain Association Industry and former Commissioner of the Community Futures Trading Commission, said that it had given the bill 51% or 52% of spending this year.
Greg Xethalis, partner and lawyer general of the Capital Capital Capital Capital Office, said the legislators should be appreciated for their work on the bill, while Chris Perkins de Coinfund said that he did not think that the bill would occur.
Stable
The law on engineering, the first major bill focused on cryptocurrency to become law in the United States, began to give preliminary results, with regulators of the Treasury Department publishing rules for the Stablecoin sector at the start of this year.
Xethalis said that a large part of what will happen from a developer front is plumbing.
“Now that we have the rules of cash written for the Act on Engineering, we will see a Cambrian explosion of people who are starting to use this genre[ing] Crypto. “”
Likewise, Mersinger said that the use of the stable could continue to grow, pointing to guarantees in fund transfers and other types of financial contracts as a case of use.
