SEC Chairman Paul S. Atkins announced at the DC Blockchain Summit that the SEC is advancing a framework for classifying crypto assets and interpreting investment contracts. The framework will categorize digital assets into non-securities, such as digital commodities, collectibles, utilities, and stablecoins compliant with the GENIUS Act, and digital securities. It also clarifies that securities status can be terminated upon fulfillment of certain commitments. Additionally, Atkins introduced a "crypto asset regulatory framework" proposing a safe harbor mechanism to provide financing paths. This includes a startup exemption with a maximum duration of four years and a funding cap of $5 million, as well as a 12-month exemption for up to $75 million in financing. The proposed rules are expected to enter a public comment phase soon.