SEC: Proposes First Crypto Rulebook
SEC proposes first crypto rulebook with $75 million annual raises, $5 million exemptions and token security end after project completion.
SourceAnalysis
The SEC has proposed its first crypto rulebook letting projects raise up to $75 million a year without securities registration while a separate exemption covers $5 million over four years, with tokens losing security status once teams deliver promised builds and state rules overridden for these offerings under new SEC crypto regulation that still requires investor disclosures during the 60-day comment period.
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