4E: SEC's "innovation exemption" accelerates, macro and crypto markets resonate upward

On October 8, Paul Atkins, chairperson of the Securities Exchange Commission (SEC), said in Manhattan that the SEC plans to start the "Innovation Exemption" rulemaking process by the end of 2025 or Quarter 1 in 2026, with the aim of helping digital asset-based businesses innovate in compliance with a clearer regulatory framework. Atkins emphasized that the policy remains one of the SEC's top priorities, despite the government shutdown affecting the rule's progress. He also praised Congress' efforts to pass the GENIUS Act and said that "the SEC will embrace innovation in a more open way".
US Senate fiscal negotiations are still at an impasse. Republican leader John Thune said the Senate would vote for the sixth time on a short-term funding bill on October 8 to end the government shutdown. The first five attempts have been unsuccessful.
At the market level, S & P launched the "Digital Markets 50 Index" to support a diversified crypto investment layout; the latest Ethereum spot ETF managed by Grey Release has pledged 304,000 ETH worth more than $1.30 billion; CoinShares launched the DIME ETF to provide investors with exposure to mainstream counterfeit products.
On the macro front, Wall Street investor Paul Tudor Jones said US stocks were "on the eve of the end of the bull market" and planned to own gold, cryptocurrencies and Nasdaq technology stocks by the end of the year, which he believes could be more explosive than before the 1999 tech bubble.
4E reminds investors that regulatory innovation and market sentiment are forming a resonance, and macro easing expectations and the institutionalization of cryptoassets will jointly promote a new round of risk asset growth.