Paul Atkins announced work on a policy exemption, dubbed the "innovation exemption," to provide regulatory relief to DeFi entities

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

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