U.S. SEC Proposes New 'Regulation Crypto Asset' Rules for Cryptocurrency Fundraising

There has been a new development in the regulatory landscape for cryptocurrency fundraising. On the 18th, the U.S. Securities and Exchange Commission (SEC) announced a new rule proposal specifically for certain investment contracts, named 'Regulation Crypto Asset'. The proposal includes two exemptions from the registration requirements under the Securities Act of 1933. One exemption, known as the 'Startup Exemption,' allows a one-time fundraising of up to $5 million over four years. The other permits fundraising of up to $75 million every 12 months...