SEC Proposes New Rules for Crypto Token Sales

The US Securities and Exchange Commission (SEC) has proposed new rules to allow crypto projects to raise money from the public. The plan, called Regulation Crypto Assets, would let smaller projects raise up to $5 million and larger ones raise as much as $75 million each year without full securities registration.

The proposal includes two separate exemptions for crypto fundraising. One is for early-stage startups that can raise up to $5 million over four years, while the other is for larger projects that can raise up to $75 million during any 12-month period.

Crypto venture firms have welcomed the move, saying clearer rules could help legit projects raise money in the US. However, some investors are skeptical, pointing out that the industry's biggest concerns now lie elsewhere.