The Blockchain Association has asked the U.S. Securities and Exchange Commission to expand key parts of its proposed crypto framework, backing Regulation Crypto Assets while calling for higher fundraising limits and clearer legal standards. In a comment letter cited by The Defiant, the trade group said the SEC should double both offering caps to $10 million. It also asked the agency to write Howey guidance directly into the rule, a move aimed at giving token issuers a clearer basis for assessing whether an asset falls under securities law. The letter included another request: allow third parties to file applications for tokens that are already trading. Taken together, the proposals focus on three areas in the draft regime — fundraising thresholds, legal clarity, and who can seek regulatory treatment for an existing token. The filing signals support for the broader Regulation Crypto Assets proposal, but with changes the association says would make the framework more workable for crypto startups and token markets.
The Blockchain Association has urged the U.S. Securities and Exchange Commission to double a proposed exemption for crypto startups to $10 million, according to a comment letter cited by The Defiant.
Support for Regulation Crypto Assets, with changes
The trade group said it supports Regulation Crypto Assets in its letter to the SEC. At the same time, it asked the Commission to raise both offering caps to $10 million.
Requests on Howey guidance and third-party filings
The association also asked the SEC to write Howey guidance into the rule itself. In addition, it said third parties should be allowed to file for tokens that are already trading.
The requests center on the structure of the proposed rule, covering offering limits, the treatment of Howey guidance, and who can submit filings tied to existing tokens.
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