SEC: Reg Crypto Comment Period Closes but Accepts Late Input
Eleanor Terrett reports the SEC will continue accepting public comments on its Reg Crypto proposal after the deadline, with the framework creating new fundraising exemptions for crypto issuers in the U.S.
SourceAnalysis
SEC Reg Crypto comment period closes today yet the Commission will keep taking submissions, an agency spokesperson told @EleanorTerrett. The proposal creates exemptions allowing certain offerings up to $5M over four years or $75M annually without registration, adds a conditional safe harbor once issuer managerial efforts end, and preempts select state securities rules.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.