SEC’s Atkins Submits Long-Awaited Crypto Innovation Exemption To White House

The SEC on Friday submitted two proposed crypto regulation rules to the White House for review.

The Innovation Exemption

Bloomberg on Monday reported that SEC Chairman Paul Atkins previewed the digital asset proposal at the Digital Chamber’s 2026 Blockchain Summit last week:

  • A sweeping digital asset proposal including an “innovation exemption” for crypto firms.
  • A hedge fund disclosure overhaul targeting Form PF reporting requirements.

The measures would allow crypto companies to temporarily avoid registration as brokers, exchanges, or other regulated entities for a limited period, giving them room to develop products without full securities compliance.

The proposal builds on the March 17 SEC-CFTC joint interpretation that classified crypto assets into five categories: digital commodities, digital collectibles, digital …

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