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🔥The encryption "Safe Harbor" framework enters White House review, including a startup exemption plan
On April 7th, SEC Chairman Paul Atkins stated that the proposed encryption "Safe Harbor" framework has entered the White House review process and is currently under OIRA review, with an expected release soon. The plan includes a "Startup Exemption," allowing crypto projects to raise funds over approximately four years while fulfilling information disclosure obligations, along with supporting investment contract safe harbor and token classification explanatory guidelines. Additionally, the SEC is promoting an "Innovation Exemption" mechanism, aiming to provide on-chain assets with a regulatory sandbox-like arrangement, but the scope of this remains controversial within the industry.