The SEC's innovation exemption is likely to be implemented in October or November, potentially by December, making DeFi, airdrops, and GameFi legal in the US for a limited time.
"SEC Chairman Paul Atkins recently revealed that the innovation exemption would be introduced before the end of the year. But what's interesting is that some media outlets such as Bloomberg are reporting that the innovation exemption will be in place quote by December. Put differently, the innovation exemption is likely to happen sometime in October or November, assuming December is the deadline."