Crypto Pills

U.S. Securities and Exchange Commission moves to formalize exemptions tailored to crypto “innovation,” creating clearer, codified pathways for teams to test products, token models, and market infrastructure with defined guardrails while preserving investor‑protection standards, a pivot away from purely ad hoc relief that can reduce uncertainty for startups, exchanges, custodians, and liquidity providers. Clearer rules can influence how and where projects launch, how assets are listed and serviced, and how institutional participants assess compliance risk, shaping liquidity formation, capital allocation, and the competitive standing of U.S. venues relative to offshore alternatives.