The SEC is planning to introduce an "Innovation Hub" mechanism for crypto companies by the end of the year

BlockBeats News, September 23, according to Bloomberg, the SEC stated that the agency hopes to launch a new "Innovation Box" by the end of the year, allowing crypto companies to immediately launch products—this is the latest example of the U.S. Securities and Exchange Commission (SEC) taking a more friendly stance towards digital assets.

SEC Chairman Paul Atkins also stated on Tuesday that the agency will work on developing new cryptocurrency rules in the coming months.

In July, Atkins proposed the idea of an exemption, allowing some companies to quickly enter the market with new technology without having to "comply with incompatible or burdensome regulatory requirements."

Atkins stated in an interview on the Fox Business Channel's "Maria Morning Show": "We are trying to provide a stable platform for the market to be able to launch their products."