BlockBeats message, April 7, SEC Chair Paul Atkins said that the crypto “safe harbor” framework he proposed has entered the White House review process and is currently being reviewed by OIRA, with publication expected soon; the proposal includes an “startup exemption,” which would allow crypto projects to raise funds within about 4 years on the condition that they meet their information disclosure obligations, along with a corresponding investment contract safe harbor and token classification explanatory guidance.
In addition, the SEC is also advancing an “innovation exemption” mechanism, which would propose arrangements for on-chain assets similar to a regulatory sandbox, but the scope remains disputed within the industry. (The Block)
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