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SEC Sends ‘Regulation Crypto’ Proposal to White House

SEC Sends ‘Regulation Crypto’ Proposal to White House

That’s according to a report Monday (April 6) from Coindesk, which says the SEC is working on its approach to regulating the cryptocurrency sector and delineating between transactions that could be securities and ones that aren’t.

Giving a talk in Nashville, SEC Chair Paul Atkins said the commission’s new reg crypto has been sent to the White House Office of Information and Regulatory Affairs, meaning it’s on the cusp of being published, the report said.

This rulemaking is focused on the Securities Act of 1933 and is concerned with fundraising and startup exemptions, the report added. Speaking to CoinDesk, Atkins said the SEC also plans to soon release its long-awaited innovation exemption.

“We’d love to have…

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