Atkins: SEC takes 'most historic step yet' on crypto regulation

The SEC has proposed a new regulatory framework, 'Regulation Crypto Assets,' that would give digital asset issuers two registration exemptions and a safe harbor from securities classification. SEC Chairman Paul S. Atkins described the proposal as a landmark shift, saying it provides crypto asset entrepreneurs and market participants with clear pathways to raise capital under federal securities laws. The proposal is framed as the SEC's most ambitious attempt yet to bring order to crypto capital markets.