SEC: Proposes Regulation Crypto Assets

SEC formally proposed Regulation Crypto Assets to reshape U.S. crypto fundraising, permitting certain offerings up to $5M over four years or $75M annually without registration while creating a conditional safe harbor once issuer managerial efforts end and preempting select state rules; the plan now faces a 60-day comment period amid ongoing SEC Regulation Crypto Assets proposal history and previous SEC safe harbor rules for crypto assets reviews.