The chairman of the U.S. SEC retracted the previous timeline for the introduction of the "crypto innovation exemption" this month

PANews reported on January 30 that according to Decrypt, U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins retracted his previous timeline for the introduction of a “crypto innovation exemption” this month, and refused to commit to issuing a final rule this month or even next month when asked about the time. He said the SEC is still working on the details and is cautious about the matter, emphasizing that the progress of the Crypto Market Structure Act under consideration in Congress could also affect the timing of the exemption rule. These proposed exemption rules aim to provide assurance to companies in specific crypto sectors such as tokenized securities, DeFi, and other crypto sectors, shielding their related activities from facing enforcement action from the SEC. Atkins said in December that he hoped the rules would be released in January, but changed his tone at an event co-hosted with the CFTC on Thursday, saying that “we need to think twice” and that he would like to see Congress provide clear direction.