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BREAKING: The SEC took a key step toward formally publishing its long awaited framework for crypto assets after its proposal entered the White House for review.
The plan includes a temporary exemption for startups, another for fundraising, and a safe harbor designed to clarify when a token ceases to be subject to securities law.
SEC Chairman Paul Atkins confirmed that the proposed Regulation Crypto Assets is now in the Office of International Regulatory Affairs (OIRA), the step prior to its publication.