The U.S. Securities and Exchange Commission has released a draft framework for crypto asset regulation that introduces a fundraising exemption and a safe harbor mechanism. Under the proposal, a project could apply to shed its securities status after certifying that it has fulfilled its commitments. The SEC would still retain the right to pursue enforcement after the fact. The draft also counts airdrops toward fundraising limits, adding a specific condition for token distribution. According to the source, the proposal is meant to address gaps left by Congress’s slow legislative process. The release puts forward a more defined path for token projects while keeping post hoc accountability in place, combining conditional relief with retained enforcement authority.
The U.S. Securities and Exchange Commission has issued a draft proposal for crypto asset regulation, introducing a fundraising exemption and a safe harbor structure.
Under the draft, a project may apply to exit securities status after certifying that it has completed its commitments. The SEC would still keep the authority to pursue liability after the fact, and airdrops would count toward fundraising limits.
According to the source, the proposal is intended to address delays in congressional legislation.
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