Gate News message: On April 7, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins said at Vanderbilt University’s Digital Assets Summit that the SEC’s proposed crypto “safe harbor” framework has been submitted to the Office of Information and Regulatory Affairs (OIRA) under the White House Office of Management and Budget for review, with only the final step remaining before formal publication. The proposal includes a “startup exemption” provision that allows crypto projects to raise a certain amount of funding within a four-year period, while requiring specific disclosures to protect investors. Atkins also revealed that the SEC is moving forward with an “innovation exemption” mechanism intended to create a regulatory sandbox for on-chain assets, but the initiative has sparked controversy between crypto advocates and traditional financial institutions. Atkins emphasized that related legislation still needs to be advanced to ensure the regulatory framework has lasting durability across administrations.
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