POPA ReconThe SEC has just formally proposed Regulation Crypto Assets, a new framework for crypto fundraising in the U.S.
The SEC has just formally proposed Regulation Crypto Assets, a new framework for crypto fundraising in the U.S. The proposal would: • Allow certain offerings of up to $5M over four years or $75M annually without SEC registration • Create a conditional safe harbor for crypto assets once an issuer’s essential managerial efforts have ended • Preempt certain state securities registration requirements It now enters a 60-day comment period. —— RU | BigLiquid | Pro Channel
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