Wall Street · SEC · The Block
Crypto firms, Wall Street push SEC to revise Regulation Crypto Assets as comments close
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As the U.S. Securities and Exchange Commission’s public comment period on its proposed Regulation Crypto Assets draws to a close, digital asset firms, Wall Street institutions, and advocacy groups are making their cases for how the agency should shape the future of financial innovation.
Key facts
- Comments on the SEC's proposed Regulation Crypto Assets are due Tuesday, with more than 100 submissions filed so far
- It includes a "startup exemption" that would exempt offerings of up to $5 million from registration rules
- The Hyperliquid Policy Center pressed the SEC in its letter to adopt Reg Crypto, but said changes were needed to address how airdrops are treated
- On Monday, the Securities Industry and Financial Markets Association said the SEC needs to immediately address investor protection and said changes should be made in how issues opt
Summary
As the U.S. Comments on the SEC's proposed Regulation Crypto Assets are due Tuesday, with more than 100 submissions filed so far. The Hyperliquid Policy Center pressed the SEC in its letter to adopt Reg Crypto, but said changes were needed to address how airdrops are treated. HPC also argued that the SEC's proposed safe harbor was too limited. "The proposal’s new safe harbor requires a certification that many projects cannot make," the center said .