SEC · US Congress · CLARITY Act · The Block
The U.S. Securities and Exchange Commission proposed a new rule that seeks to offer a pathway for investments involving digital
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On Tuesday, the SEC put forth "Regulation Crypto Assets," which it says would be a "tailored offering regime" designed to help raise capital while protecting investors.
Key facts
- The latest proposed rules would allow a "startup exemption" that would exempt offerings of up to $5 million from registration rules under the Securities Act of 1933 for four years, a federal law
- During a SALT conference panel earlier Tuesday, White House top crypto adviser Patrick Witt alluded to imminent rulemaking coming out of the CFTC and SEC
- On Tuesday, the SEC put forth "Regulation Crypto Assets," which it says would be a "tailored offering regime" designed to help raise capital while protecting investors
- Reg Crypto builds on guidance released in March by both the SEC and its sister agency, the Commodity Futures Trading Commission, that clarified how federal securities laws apply to digital assets
Summary
The U.S. Securities and Exchange Commission proposed a new rule that seeks to offer a pathway for investments involving digital assets that would exempt certain offerings from adhering to securities law as broader legislation stalls in Washington. "Congress designed our securities laws to amplify, within specific guardrails, opportunities for entrepreneurs to innovate and build new products," said SEC Chair Paul Atkins in a statement. Reg Crypto builds on guidance released in March by both the SEC and its sister agency, the Commodity Futures Trading Commission, that clarified how federal securities laws apply to digital assets and transactions, stating that most of those assets were not securities.