SEC Delays Crypto Innovation Exemption Release

SEC Chair Paul Atkins announced that the release of the crypto innovation exemption, which covers tokenized securities and DeFi, is unlikely to occur this month or next. The decision reflects a cautious approach, despite earlier intentions to release it in January. Major financial institutions, including JPMorgan, Citadel, and SIFMA, have met with the SEC’s crypto task force to express concerns about the exemption’s potential economic impact.