SEC Proposes Tailored Rules for Crypto Assets, Exemptions Included

The U.S. Securities and Exchange Commission (SEC) has proposed new rules for crypto assets, aiming to provide clear pathways for companies to raise capital under federal securities laws.

The SEC's proposal would exempt certain crypto companies and offerings from U.S. securities rules, making it easier for them to issue tokens and raise money.

The plan includes a one-time exemption allowing 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, with regular reporting requirements.

The SEC's safe harbour would exclude a crypto asset from being deemed an investment contract if certain conditions are met.