SEC's Proposed Crypto Rules Could Spark New Wave on Ethereum, Solana, and BNB Chain
Grayscale, the firm behind the spot Bitcoin ETF, believes that the U.S. Securities and Exchange Commission's (SEC) proposed crypto asset rules could boost activity on major networks like Ethereum, Solana, and BNB Chain.
The SEC's proposal, introduced on August 18, would exempt crypto investment contracts from securities-law registration requirements, potentially allowing token-based fundraising in the United States.
This shift in regulatory landscape comes after the SEC took a position since 2019 that many crypto tokens are securities, subjecting them to strict registration requirements. As a result, many projects chose to operate overseas or restrict U.S. participation.
If adopted, the new rules could open the door for a new wave of token-based fundraising, benefiting both established networks and emerging projects.