#加密市场观察 SEC Regulatory Breakthrough: Ending Enforcement Mode and Initiating a New Era of Compliance
In 2026, the SEC will introduce the "Innovation Exemption" policy, officially ending the five-year "enforcement regulation" model and establishing the world's first compliant sandbox for crypto assets.
This policy shift means:
DeFi/DAO/stablecoin projects will be granted a 12-24 month S-1 registration exemption period
Asset classification innovation: Crypto assets will be categorized into four compliant types—commodity-based, functional, collectible, and tokenized securities—allowing projects to