I took a close look at this innovation exemption. If it's a compliant exchange running a DEX or Perp DEX, it’s definitely a positive development. After all, exchanges have already implemented KYC and AML measures. In other words, models like Binance or OKX Wallet (where KYC is completed at the entry point) could integrate a DEX or Perp DEX and be exempt from KYC and AML requirements. However, if it’s an independent platform without KYC, AML, or even a blacklist/whitelist mechanism, and it serves U.S. users, it’s highly unlikely to fall under the innovation exemption framework. Sponsored by Bitget ｜ @Bitget_zh