SEC Proposes First Crypto Rulebook
🖱️ Projects can raise up to $75 million a year without registering as securities.
🖱️ A separate one-time exemption allows up to $5 million over four years.
🖱️ A token stops being a security once the team completes what it promised to build.
🖱️ State securities rules are overridden for these offerings.
🖱️ Projects still have to disclose key information to investors.
🖱️ The public comment period runs for 60 days.#CryptoRally #FOMCWatch #BitcoinReturnsTo$69KAfterThreeMonths $BTC
🖱️ Projects can raise up to $75 million a year without registering as securities.
🖱️ A separate one-time exemption allows up to $5 million over four years.
🖱️ A token stops being a security once the team completes what it promised to build.
🖱️ State securities rules are overridden for these offerings.
🖱️ Projects still have to disclose key information to investors.
🖱️ The public comment period runs for 60 days.#CryptoRally #FOMCWatch #BitcoinReturnsTo$69KAfterThreeMonths $BTC