"Atkins emphasized that the SEC is taking a new approach to digital assets, aiming to keep activities onshore rather than allowing them to move to foreign jurisdictions. He stated that the SEC and CFTC are now collaborating on digital assets to set a new benchmark for inter-agency cooperation."
"The 'innovation exemption' is designed to provide crypto projects with a defined regulatory lane, allowing them to build without being pushed into a gray area or offshore. Atkins highlighted the need for clear legislative guidance to create durable rules for digital assets."
"Atkins pointed out that having a statute that is future-proof is crucial for the market. He stressed that clear statutory law, drafted with emerging technology in mind, is essential for anchoring policy across different administrations."
"The joint token taxonomy guidance aims to clarify the distinctions between digital commodities, collectibles, and tokenized securities, providing a framework for market participants to classify their assets effectively."
SEC Chair Paul Atkins and CFTC Chair Mike Selig announced a new collaborative approach to digital assets at the Bitcoin 2026 Conference. They aim to keep digital asset activities onshore and establish a framework for classifying assets. The SEC is working on an 'innovation exemption' to allow crypto projects to operate within defined regulations. Clear statutory laws from Congress are deemed essential for future-proofing the market and supporting entrepreneurs in the U.S.
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