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 th…

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