SEC Proposal Could Boost Ethereum, Solana, and BNB Chain

The Securities and Exchange Commission (SEC) has proposed new rules for fundraising in crypto assets, which could benefit Ethereum (ETH), Solana (SOL), and BNB Chain. According to Grayscale's Head of Research Zach Pandl, the rules would increase onchain issuance, bring more US issuers and investors onto blockchain networks, and potentially drive value to these native assets.

The proposed rules, known as Regulation Crypto Assets, aim to establish tailored exemptions for certain investment contracts involving crypto assets. Two paths are presented: one allowing eligible issuers to raise up to $5 million over four years, and a second permitting offerings reaching $75 million during each 12-month period.

Under the proposed rules, both routes would remain subject to federal antifraud and antimanipulation provisions. Eligible issuers would need to provide investors with narrative disclosures, while companies using the larger exemption would also submit financial statements and ongoing reports.