Empire 🟪(@theempirepod):The TLDR on the SEC's new token framework: Projects could raise up to $5M under a startup exemption or up to $75M under a fundraising exemption. Both require disclosures around the token and investment contract. The larger tier adds financial statements and ongoing reporting. And once a team completes its promised managerial work, there’s a path for the token to exit securities treatment entirely. Overall, clearer rules for raising capital and stronger disclosure standards to protect investors. Onwards.

2026.08.20 14:45

The TLDR on the SEC's new token framework: Projects could raise up to $5M under a startup exemption or up to $75M under a fundraising exemption. Both require disclosures around the token and investment contract. The larger tier adds financial statements and ongoing reporting. And once a team completes its promised managerial work, there’s a path for the token to exit securities treatment entirely. Overall, clearer rules for raising capital and stronger disclosure standards to protect investors. Onwards.