SEC Moves Closer to Publishing Crypto Fundraising Rules
The US Securities and Exchange Commission is preparing to release a long-awaited “Reg Crypto” proposal that will clarify how crypto fundraising and startup exemptions are regulated. Chair Paul Atkins said the proposal is currently under review by the White House Office of Information and Regulatory Affairs, placing it one step away from public release.
According to Atkins, the proposal focuses on the Securities Act of 1933 and aims to define which crypto transactions qualify as securities and which do not. It will specifically address fundraising structures and exemptions that allow startups to raise capital. He also confirmed that the SEC plans to introduce a separate innovation exemption designed to allow experimentation without disadvantaging established companies.
Political Engagement and Congressional Influence Highlighted
Speaking at an event hosted by Vanderbilt University and the Blockchain Association, Atkins emphasized the role of Congress in shaping the regulatory environment. He stated that while rulemaking is advancing, lawmakers could still influence its direction.
Atkins encouraged industry participants to remain engaged in the upcoming midterm elections, citing Bernie Moreno as an example of supportive leadership. He warned that an unfriendly Congress could create obstacles, though he expressed confidence that regulatory progress would continue despite political uncertainty.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.