Coindoo says the SEC’s fundraising exemption package remained speech-level as of the meeting, while AMBCrypto and The Cryptonomist EN say the SEC formally proposed and released the rule on August 18.
Coindoo says the SEC’s fundraising exemption package remained speech-level as of the meeting, while AMBCrypto and The Cryptonomist EN say the SEC formally proposed and released the rule on August 18.
Atkins has also described a potential package called Regulation Crypto. His March remarks floated a startup exemption, a larger fundraising exemption and an investment-contract safe harbour. Those ideas are useful signposts, but an issuer cannot rely on a speech. A formal proposal needs published text, a release number and a comment deadline.
On Tuesday, August 18, the SEC officially released new cryptocurrency fund-raising regulations. They must conform to new regulations, with fundraising up to $75 million in 12 months.
The SEC formally proposed new crypto fundraising rules on August 18, including a fundraising exemption of up to $75 million per year.
What would settle it: The SEC’s official rule release or filing register entry, including a release number and comment deadline, for the described fundraising exemption package.
Treat the White House meeting, its stalled-CLARITY-Act backdrop, and the Thursday CFTC session as established; do not treat the formal status of the SEC’s fundraising exemption rule as settled until the SEC’s own release or filing number is checked.
Treat the White House meeting, its stalled-CLARITY-Act backdrop, and the Thursday CFTC session as established; do not treat the formal status of the SEC’s fundraising exemption rule as settled until the SEC’s own release or filing number is checked.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.