Paul Atkins announced efforts to create an "innovation exemption" to ease regulatory burdens on DeFi developers and users

Quotes that support claims

The chairman told a roundtable of DeFi experts on Monday that he's directed the SEC staff to look into changes to agency rules "to provide needed accommodation for issuers and intermediaries to seek to administer on-chain financial systems." Atkins called that potential exemptive relief "an innovation exemption" that would let entities under SEC jurisdiction bring on-chain products and services to market "expeditiously."

To speed experimentation, Atkins directed staff to design an “innovation exemption” that could grant conditional relief for firms launching on-chain products.