It seems that the dovish faction has gained the upper hand!
The chairman of the U.S. SEC hinted that at the beginning of the new year, the key agenda for cryptocurrency regulation will be swiftly advanced, stating that "the best is yet to come."
On December 10, according to The Block, Paul Atkins, the chairman of the U.S. Securities and Exchange Commission (SEC), remarked that as the agency faces a series of key cryptocurrency policy issues in the new year: "the best is yet to come. For next year, all the seeds we plant will begin to sprout and grow, and we will be able to reap the fruits at that time." Atkins has outlined an ambitious agenda aimed at clarifying the agency's stance on cryptocurrencies. Atkins revealed that one of the primary tasks for the new year will be the "innovation exemption" for cryptocurrency and fintech projects—this is a conditional and time-limited regulatory exemption framework aimed at reducing compliance costs and encouraging innovation. He expressed hope that this framework will be officially launched around the end of January.
Regarding the issue of token classification, he has turned his attention to Capitol Hill. Legislators are pushing forward a comprehensive bill to regulate cryptocurrencies, one of the core contents of which is to clarify the jurisdictional boundaries between the SEC and the Commodity Futures Trading Commission. Previously, it was reported that the Senate is making every effort to advance this bill, hoping to pass the critical Senate Banking Committee review before the end of the year, but negotiations currently seem to be progressing not smoothly. Atkins said, "We are looking forward to the legislative results from Congress at that time." $BNB
