According to ME News, on April 7 (UTC+8), U.S. Securities and Exchange Commission Chairman Paul S. Atkins stated that a regulatory proposal titled "Reg Crypto," covering fundraising and exemptions for crypto startups, has been submitted to the White House for final approval and is expected to be publicly released soon. Additionally, a long-awaited innovation exemption proposal will be announced shortly thereafter. (Source: Foresight News)
U.S. SEC Submits Proposed Crypto Regulation to White House for Final Approval
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Summary
On April 7, U.S. SEC Chair Paul S. Atkins confirmed that the 'Reg Crypto' proposal has been submitted to the White House for final approval. The framework addresses fundraising and exemptions for crypto startups, with a related innovation exemption proposal expected to follow. This development occurs amid ongoing discussions regarding the approval of a bitcoin ETF and its potential impact on liquidity and crypto markets.
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