Regulation Crypto is here: State of Crypto
The SEC published its Reg Crypto proposal last week, giving the public 60 days to comment.
The U.S. Securities and Exchange Commission published its proposed Regulation Crypto rulemaking last week, laying out how the agency wants to oversee fundraising by digital asset firms.
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The narrative
The Securities and Exchange Commission published its Regulation Crypto proposal last week, laying out how it thinks crypto companies and developers can raise funds with tokens without running afoul of the agency.
Why it matters
The SEC under the current presidential administration has put out a lot of staff statements, but hasn't engaged in much formal rulemaking. As last week's newsletter discussed, timing is a key issue here; the SEC will need some time to finalize any rules and more time to let companies comply.
Breaking it down
The proposal has a few different provisions depending on how much funding a startup might try to raise and how it will operate. You can click here for more details on the proposal itself.
