TechFlow News, April 7: According to The Block, Paul Atkins, Chair of the U.S. Securities and Exchange Commission (SEC), stated at the Digital Assets Summit hosted by Vanderbilt University that the SEC’s proposed cryptocurrency “safe harbor” framework has been submitted to the Office of Information and Regulatory Affairs (OIRA) under the White House Office of Management and Budget for review—the final step before formal release. The proposal includes a “startup exemption” provision, allowing crypto projects to raise funds for up to four years, subject to specific disclosure requirements designed to protect investors.
Atkins also revealed that the SEC is advancing an “innovation exemption” mechanism to establish a regulatory sandbox for on-chain assets—a move sparking debate between crypto advocates and traditional financial institutions. Atkins emphasized that relevant legislation remains essential to ensure the regulatory framework’s durability across successive administrations.
