FURTHER DELAY OF THE SEC TOKEN INNOVATION EXEMPTION, DETAILS NOT PUBLISHED FOR THE SHORT TERM

Wu said it had been informed that, according to encrypted journalist Eleanor Trerett, the SEC's “innovation exemption” programme for monetization had been further delayed and details were not expected to be published in the short term. According to the source, one of the reasons for this may be that the content of article 10505 of Clarity Act, which relates to monetization, is still subject to repeated coordination among stakeholders, and that if the SEC promotes the relevant measures through an innovative exemption, it may affect the compromise around the provision, and the exemption may therefore remain on hold until the way forward for Clarity Act becomes clearer. The SEC is still planning to hold a public meeting on Friday to discuss new rules and exemptions for transactions involving the financing of encrypted assets, namely the Regulation Crystal Assemblys。