SEC Nears 'Reg Crypto' Proposal with Startup and Fundraising Exemptions

The SEC is one step away from publishing its Reg Crypto proposal at the White House OIRA.

“SEC close to putting out 'reg crypto' for fundraising questions, Chair Atkins says The Securities and Exchange Commission will address fundraising and startup exemptions in this proposal, Paul Atkins told a crowd Monday”

@coindesk

The framework includes a startup exemption, fundraising exemption, and an investment contract safe harbor.

@coindesk

Atkins emphasized the SEC wants to hear from the marketplace.

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.

CoinDesk

The SEC intends to put out a long-awaited innovation exemption.

Atkins pointed to Congress's role in providing statutory backing.

“SEC close to putting out 'reg crypto' for fundraising questions, Chair Atkins says The Securities and Exchange Commission will address fundraising and startup exemptions in this proposal, Paul Atkins told a crowd Monday”

CoinDesk

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.