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SEC Highlights ‘Innovation Exemption’ as North Dakota and Global Banks Move on Stablecoin Initiatives

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This week’s developments spanned federal, state and industry initiatives. SEC Chair Paul Atkins indicated the Commission is working to formalize an “innovation exemption” by year-end or early 2026, despite delays related to the government shutdown. The Senate confirmed Jonathan McKernan as the U.S. Treasury Under Secretary for Domestic Finance….
By: Paul Hastings LLP

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