Securitize president says SEC crypto innovation exemption may come in early October

Securitize President Brett Redfearn said the U.S. SEC had held back announcing a crypto innovation exemption as it considered a vote on the CLARITY Act, The Block reported. Redfearn expects the SEC to roll out related rules after the Senate votes on the CLARITY Act on Sept. 15, with the timing likely falling in early October, according to the report. The exemption is expected to include a provision allowing digital asset companies to avoid registering with regulators such as brokerages and exchanges for a set period.