U.S. SEC Chair Signals Crypto Regulation Direction: Clarifies Investment Contract Framework and Advances Innovation Exemptions and Rulemaking

ZkProver · 2026-02-24T06:06:29+00:00

SEC Chairman Paul Atkins outlined the direction of cryptocurrency regulation at the ETHDenver conference, including clarifying the investment contract framework, establishing innovation exemptions, advancing rules and guidelines, and emphasizing a regulatory approach that ensures market transparency and full disclosure of information, rather than intervening in short-term price fluctuations.

ZkProver

2026-02-24 06:06:29

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ChainCatcher News: The U.S. Securities and Exchange Commission (SEC) has published a speech by Chair Paul Atkins at the ETHDenver conference, outlining the agency’s direction for crypto regulation, mainly including:

Clarifying the “Investment Contract” Framework: The Commission will research and publish a framework to clarify under what circumstances crypto assets constitute investment contracts, including their formation and termination mechanisms.
Innovation Exemptions: Considering establishing innovation exemptions to allow pilot trading of certain tokenized securities under restricted conditions, including limited trading on new platforms like automated market makers, to gather experience for long-term regulatory frameworks.
Advancing Rules and Guidelines: Planning to initiate or promote rulemaking on topics such as crypto asset financing pathways, broker-dealer custody of non-security crypto assets (including payment stablecoins), and modernization of transfer agent rules; and continuing to provide clarity through no-action letters and exemption orders for scenarios like wallets and user interfaces that do not require registration.
Regulatory Philosophy: Paul Atkins emphasized that regulators should not react to short-term price fluctuations. The SEC’s responsibility is to ensure full disclosure and clear rules, enabling market participants to make decisions in a transparent environment, rather than “protecting prices.”

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