SEC chair says agency will accelerate crypto policy development

U.S. Securities and Exchange Commission (SEC) Chairman Paul Atkins intends to accelerate the push for cryptocurrency policy next year, according to The Block. He stated that current efforts are merely preliminary and that several initiatives under preparation will soon yield tangible results. Atkins highlighted several key tasks, including establishing a "token taxonomy" to determine whether a token qualifies as a security, "Project Crypto" for amending digital asset regulations, and an "innovation exemption" for cryptocurrency companies.