rega

🚨The SEC has just pulled a major move: crypto projects can publicly raise $75 million per year, with no need for full registration! This news is explosive, but why is the market barely paying attention?

Group: 点击进入玖玖的粉丝群

Event: This week, the U.S. SEC has proposed expanding the Regulation A+ framework, allowing crypto projects to raise up to $75 million per year via public token sales. It would exempt them from full securities registration—only requiring submission of Form 1-A, audited financial statements, and a two-year transition period. After all these years—nearly ten.

Numbers on the table: during the 2017–2018 ICO boom, projects raised over $20 billion through whitepapers alone. EOS alone raised $4.1 billion. After that, the SEC leaned on enforcement and penalized scores of projects—EOS was fined $24 million, while Telegram had $1.2 billion returned. Now that the rules finally arrive, the market has already moved on: in 2025 alone, the total value of token airdrops exceeded $10 billion—130 times the $75 million cap; venture capital funding was about $13.7 billion, and virtually all of it went through Reg D private offerings. In the same week the SEC released the proposal, Pump.fun hit the second-highest single-day revenue in history.

What’s really worth watching isn’t the rule itself—it’s that regulatory timing never keeps up with the market. By the time the rule takes effect, the money has already flowed to places the rules can’t reach. But here’s the cold splash of water: audit costs run from $150,000 to $500,000 per year, approvals take 3–6 months, and for most projects, this “legal route” is still effectively a mirage.

👀Do you think this rule is a positive development or just window dressing? Let’s discuss in the comments.

Click the profile image to watch the livestream, and join the Jiujiu chat group for daily strategy 🚀

#SEC #加密监管 #RegA #代币融资 #Web3