SEC's Crypto Safe Harbor Proposal Enters White House Review Stage

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Deep Tide TechFlow message. April 07, according to The Block, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins said at the Digital Assets Summit hosted by Vanderbilt University that the SEC’s proposed crypto “safe harbor” framework has been submitted to the Office of Information and Regulatory Affairs (OIRA) under the Office of Management and Budget at the White House for review, leaving only the final step before its formal release. The proposal includes a “startup exemption” provision that allows crypto projects to raise a certain amount of funds within a four-year period, while requiring specific disclosures to protect investors.

Atkins also revealed that the SEC is moving forward with an “innovation exemption” mechanism, which would create a regulatory sandbox for on-chain assets, but the initiative has sparked controversy between crypto advocates and traditional financial institutions. Atkins emphasized that legislation still needs to be advanced to ensure the regulatory framework has lasting durability across administrations.

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