Crypto
SEC Unveils New Crypto Rules, Hails Historic Step Towards Regulation
The US Securities and Exchange Commission (SEC) has introduced new rules 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 hailed the move as 'the most historic step' to modernize federal securities regulations for cryptocurrencies, stating that 'America must and will lead' in crypto regulation.