The SEC looks at a 1990s fix for crypto markets to allow true “innovation pathway”

In a May 8 speech, SEC Chair Paul Atkins said the agency could consider a limited “innovation pathway” for on-chain trading systems in the near future. Meanwhile, the agency will reserve formal notice-and-comment rulemaking to determine how crypto platforms fit inside the exchange definition. Atkins tied that idea directly to the SEC’s handling of electronic trading in the 1990s. The SEC spent years issui…