SEC Proposes Regulation Crypto Assets Framework for U.S. Fundraising
- SEC proposes Regulation Crypto Assets with a 60-day public comment period.
- Eligible offerings could raise up to $5M over four years or $75M yearly.
- SEC Chair says the proposal would give crypto issuers a path to comply with securities laws.
The U.S. Securities and Exchange Commission (SEC) has proposed Regulation Crypto Assets, a new framework covering certain investment contracts involving crypto assets and fundraising activities in the United States.
The proposal would create specific pathways for eligible offerings, introduce a conditional safe harbor for certain crypto assets after an issuer completes or permanently stops its essential managerial efforts, and preempt certain state securities registration requirements. The proposal now enters a 60-day public comment period.
SEC Approves Proposal Through Seriatim Vote
The Commission approved the proposal thโฆ
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