SEC Proposes Crypto Rules, Exemptions for Token Issuers

The US Securities and Exchange Commission (SEC) has proposed a new regulatory framework for cryptocurrency assets. The move is seen as a major step under President Donald Trump's administration to give the industry tailored rules it has long pushed for.

The SEC's proposal would exempt certain crypto companies and offerings from US securities rules, making it easier for them to issue tokens and raise money. Chairman Paul Atkins said the plan 'seeks to provide crypto asset entrepreneurs and market participants with clear pathways to raise capital under the federal securities laws.'

The proposal includes a one-time exemption to issue up to $5 million in crypto tokens during a four-year period, as well as offerings of up to $75 million during each 12-month period. Token issuers would still need to disclose certain information to investors and meet regular reporting requirements.