U.S. SEC Chief Atkins Says Clarity Coming on Crypto Tied to Investment Contracts
The U.S. Securities and Exchange Commission is working toward a package of exemptions focused on offering crypto assets that are tied to investment contracts, said Chairman Paul Atkins.
“I have asked the staff to prepare recommendations for the commission’s consideration that facilitate capital formation and accommodate innovation while, at the same time, ensuring investors are protected,” Atkins said in remarks prepared for delivery Wednesday at a Federal Reserve Bank of Philadelphia event. “By streamlining this process, innovators in the blockchain space can focus their energies on development and user engagement rather than navigating a maze of regulatory uncertainty.”
The long-standing debate over how to define whether digital…
