Definition ∞ A securities law waiver is a formal decision by a regulatory authority to forgo or exempt a specific entity or transaction from certain provisions of securities law. This differs from general relief by being typically granted on a case-by-case basis, often due to unique circumstances or to avoid undue hardship. In digital assets, a waiver might permit a project to operate without strict adherence to a particular rule. Such waivers are exceptional.
Context ∞ The discussion around securities law waivers in the digital asset domain often arises in situations where strict application of existing rules would impede innovation or prove impractical. A key debate involves the transparency and fairness of the waiver process and its potential impact on market equity. A critical future development to watch for is whether these waivers become more standardized or whether new, more broadly applicable regulatory frameworks reduce the need for individual exemptions.