According to the source, former SEC Commissioner Paul S. Atkins has previously signaled interest in exempting certain crypto transactions from securities laws and creating safe harbors for ICOs, airdrops, and network rewards, with a Sep 23, 2025 social media post stating such exemptions were teased as coming this year; Atkins’ role is confirmed by the U.S. SEC historical roster. Source: Sep 23, 2025 social media post; U.S. SEC historical records. For traders, similar regulatory-clarity events have coincided with higher spot and derivatives liquidity in BTC and ETH, as observed around the SEC’s Jan 10, 2024 spot Bitcoin ETF approvals and subsequent exchange volume surges. Source: U.S. SEC approval orders dated Jan 10, 2024; Nasdaq and Cboe volume reports. Monitor BTC, ETH, and U.S.-listed crypto proxies such as COIN, MSTR, RIOT, and MARA for liquidity and volatility repricing into any official SEC notice, as options skew and implied volatility typically adjust ahead of regulatory events. Source: Cboe, CME, and Deribit public data during major SEC actions in 2023–2024. Safe harbors clarifying airdrop and network reward distributions could reduce U.S. compliance frictions for token distribution and staking-related flows, potentially impacting market depth for U.S.-exposed assets. Source: SEC staff statements and public filings on digital asset custody and distribution practices (2019–2023).