SEC Unveils Historic Crypto Regulatory Framework

The Securities and Exchange Commission (SEC) has introduced new rules aiming to establish a clear regulatory framework for investment contracts involving cryptocurrency assets.

The proposed rules comprise two exemptions from the Securities Act of 1933 registration requirements, allowing cryptocurrency firms to issue up to $5 million in tokens over four years and conduct offerings of up to $75 million annually.

SEC Chair Paul Atkins said the agency has taken 'the most historic step' to modernize federal securities regulations for cryptocurrencies, stating that 'As the Crypto Capital of the World, the U.S. must and will lead.'