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SEC Unveils Innovation Exemption to Boost Crypto Growth

  • SEC has introduced innovation exemption framework to accelerate blockchain and crypto development, supporting U.S. leadership.
  • Crypto firms temporarily exempted from some regulatory requirements to facilitate faster development and market entry.
  • Focus on self-custody rights to reduce intermediary costs and encourage participation in on-chain activities.
  • Initiative aims to modernize securities regulation, boost U.S. as a crypto hub, and improve DeFi, NFTs, and supply chain applications.

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