SEC leadership has initiated work on a conditional exemption program for blockchain-based financial products, Chair Paul Atkins announced.
The framework, discussed at Monday’s “DeFi and the American Spirit” roundtable, would provide temporary regulatory relief while permanent rule changes are considered.
Atkins has tasked staff with developing both the exemption parameters and evaluating necessary amendments to existing securities regulations.
“Our current rules were designed around traditional financial intermediaries,” he observed, suggesting the need for regulatory evolution to accommodate decentralized technologies.
