U.S. SEC to propose crypto rule as soon as this month to ease startups, fundraising
The U.S. SEC is preparing to propose 'Regulation Crypto' to provide temporary registration exemptions and safe harbors for crypto startups. This initiative aims to foster innovation and align with the administration's goal of establishing the U.S. as a global crypto hub.
The idea known as " Regulation Crypto " would establish temporary exemptions from registration for developers first pushing crypto investment contracts, would allow a certain amount of fundraising and would set up a safe harbor for issuers that are backing away from managerial efforts over a security — details first outlined by SEC Chairman Paul Atkins in March .
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