The U.S. Securities and Exchange Commission has formally proposed Regulation Crypto Assets, a new framework for fundraising involving crypto assets in the United States, according to a post on X cited by ChainCatcher from a Fox Business crypto reporter. The proposal would allow certain issuances to proceed without SEC registration if total proceeds do not exceed $5 million over four years or $75 million in a single year. It also introduces a conditional safe harbor for crypto assets once the issuer’s key managerial efforts have ended. In addition, covered offerings would be exempt from some state-level securities registration requirements. The proposal has now entered a 60-day public comment period.
The U.S. Securities and Exchange Commission has formally proposed Regulation Crypto Assets, a framework aimed at setting new fundraising rules for crypto assets in the United States, according to ChainCatcher, citing a Fox Business crypto reporter’s post on X.
Under the proposal, certain issuances would not need to register with the SEC if they raise no more than $5 million in aggregate over four years, or no more than $75 million on an annual basis.
The proposal also creates a conditional safe harbor for crypto assets after the issuer’s key managerial efforts have concluded.
It would also exempt covered offerings from some state securities registration requirements.
The proposal has now entered a 60-day public comment period.
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