Crypto07 April, 20261 min read
SEC Nears 'Reg Crypto' Proposal with Startup and Fundraising Exemptions
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SEC advancing Reg Crypto proposal covering startup and fundraising exemptions. Proposal submitted to White House review, with OIRA assessment planned.
Reg Crypto Progress
The SEC is one step away from publishing its Reg Crypto proposal at the White House OIRA. The framework includes a startup exemption, fundraising exemption, and an investment contract safe harbor. Atkins emphasized the SEC wants to hear from the marketplace.
Safe Harbor and Innovation Exemption
The startup exemption would enable projects to raise funds with softer disclosures. The investment contract safe harbor would allow digital assets to fall outside the definition of a security when teams step back. The SEC intends to put out a long-awaited innovation exemption.
Congressional Role and Industry Impact
Atkins pointed to Congress's role in providing statutory backing. The SEC and CFTC signed a Memorandum of Understanding to coordinate oversight. The Reg Crypto framework corresponds to an exemption in the Senate’s CLARITY Act.