How the SEC is rewriting capital markets

[Our daily CEO briefing for PRO readers; PDF at the bottom]

For a decade, the SEC waged war on crypto through enforcement. Now Paul Atkins is doing something far more dangerous to the old guard: he’s winning.

Last week, the SEC Chair announced an ‘innovation exemption’ coming in January 2026, the formal end of a decade-long regulatory war that cost American venture capital billions. [ANNOUNCEMENT]

Let’s unpack.

Dow…