SEC Proposes New Crypto Rules, Offers Safe Harbor for Token Issuers
The U.S. Securities and Exchange Commission (SEC) has proposed new rules for certain crypto assets, which could provide token issuers with exemptions and a safe harbor.
The proposal, announced on August 18, aims to create a 'clear and fit-for-purpose' framework for investment contracts involving crypto assets.
Certain crypto projects would receive a more clearly defined path for raising capital while remaining subject to investor-protection requirements under the proposed rules.