𝗨𝗽𝗱𝗮𝘁𝗲🇺🇸:SEC crypto proposal comment round closed. 140 submissions, focusing on safe harbor & small token exemptions, MiCA Crypto Alliance and Scaramucci voiced support for the proposal.
@SECGov #ICO#
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𝗛𝗲𝗮𝗱𝘀-𝘂𝗽⏰: 𝗦𝗘𝗖 𝘁𝗼𝗸𝗲𝗻 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗲𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 𝗽𝗿𝗼𝗽𝗼𝘀𝗮𝗹 (𝗜𝗖𝗢-𝗹𝗶𝗸𝗲), 𝗰𝗼𝗺𝗺𝗲𝗻𝘁 𝗽𝗲𝗿𝗶𝗼𝗱 𝗰𝗹𝗼𝘀𝗲𝘀 𝘁𝗵𝗶𝘀 𝗧𝘂𝗲𝘀𝗱𝗮𝘆 (𝗢𝗰𝘁 𝟮𝟬)
Key points of the proposed Regulation Crypto Assets📖:
I. Startup exemption: up to $5M over 4 years, light disclosure, no audit required
II. Fundraising exemption: up to $20M (Tier 1) or $75M (Tier 2) per 12 months, U.S. entities only
III. Safe harbor (Rule 400): once conditions are met, the token is no longer treated as a security
IV. Supporting framework: unified disclosure regime, state-law preemption
The proposal is not yet in effect and may be revised by the SEC after the comment period.🔥
#ICO# #CRYPTO#
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