Exemptive Relief

Definition ∞ Exemptive relief is a legal or regulatory provision that grants a specific entity or activity an exception from certain rules or requirements. This waiver allows the exempted party to operate without adhering to particular regulations that would otherwise apply. It is typically granted under specific conditions to foster innovation or address unique circumstances.
Context ∞ In the cryptocurrency sector, exemptive relief is a significant topic, particularly concerning regulatory compliance for digital asset offerings and trading platforms. News often reports on applications for or grants of such relief from bodies like the SEC, which can permit certain crypto projects to operate without fully complying with existing securities laws. This mechanism reflects ongoing efforts to balance regulatory oversight with technological advancement in the digital asset space.