BlockBeats News, April 7th, SEC Chairman Paul Atkins stated that his proposed crypto “Safe Harbor” framework has entered the White House’s review process, currently under OIRA review, and is expected to be released soon; the proposal includes a “Startup Exemption,” allowing crypto projects to fundraise for about 4 years while fulfilling disclosure obligations, and comes with investment contract Safe Harbor and token classification interpretive guidance.
In addition, the SEC is also advancing an “Innovation Exemption” mechanism, intending to provide a regulatory sandbox-like arrangement for on-chain assets, but the scope remains controversial within the industry. (The Block)
