New SEC Crypto Rules Revive the Question XRP Made Famous

The US Securities and Exchange Commission (SEC) proposed Regulation Crypto Assets on Tuesday, opening a legal route for token sales to US investors and a formal exit from securities treatment.

The exit question sat at the center of the SEC's long court fight with Ripple over XRP. Tuesday's proposal would replace years of litigation with written conditions.

What the New SEC Crypto Rules Offer Token Issuers

The proposal creates two exemptions from Securities Act registration. A one-time option covers raises of up to $5 million across four years. A second track allows up to $75 million every 12 months.

Both routes require plain narrative disclosures for investors. Projects using the larger exemption must also publish financial statements and file ongoing reports. Federal rules would override state registration requirements for these offerings and certain secondary trades.

The structure loosely recalls the initial coin offering (ICO) era, when projects raised billions from the public before enforcement closed that channel. This time, dollar caps and disclosure duties frame the activity from day one.

… Continue reading the full article at the original source below.