SEC Plans to Introduce New Crypto Regulatory Guidelines, Possibly Easing Self-Custody and Exemption Mechanisms

SEC Chairman Paul Atkins announced at the fourth cryptocurrency working group roundtable that the SEC will shift towards a more crypto-supportive regulatory policy, planning to formulate new guidelines involving issuance and custody. He pointed out that future policies will be regulated through rulemaking and exemption mechanisms and will consider allowing funds and advisors to self-custody under certain conditions. Additionally, Atkins stated that they will explore whether to provide conditional exemptions for registered or unregistered entities planning to launch new products to accommodate innovative products outside the existing regulatory framework. (TheBlock)