SEC Proposes New Framework for Crypto Asset Offerings
The U.S. Securities and Exchange Commission (SEC) has proposed Regulation Crypto Assets, a new framework designed to streamline fundraising for crypto projects. The proposal includes two main exemptions: the startup lane allows up to $5 million in four years without requiring accredited investors or per-investor limits; while the tiered fundraising lane permits annual raises of up to $75 million split into Tier 1 ($20M) and Tier 2 ($75M), with higher reporting requirements for larger amounts. Tokens under these exemptions would not face resale lockups once certain conditions are met, such as completing promised managerial work. The SEC also introduced a safe harbor provision that allows tokens to shed
Topics: cryptocurrency Regulation Crypto Assets SEC securities law token sales