The Securities and Exchange Commission (SEC) on Tuesday proposed a set of rules called Regulation Crypto Assets that aims to let cryptocurrency companies raise capital without facing the traditional registration requirements of a stock offering.
It builds directly on the agency’s March interpretation of how federal securities laws cover those assets. Officials said the new framework is meant to cut longstanding barriers that have pushed some innovators offshore. Investor protections stay in place, according to the SEC press release.
“As we continue the Commission’s efforts to provide clarity for crypto markets, and as Congress works to establish a lasting regulatory framework, Regulation Crypto Assets seeks to provide crypto asset entrepreneurs and market participants with clear pathways to raise capital under the federal securities laws,” SEC Chairman Paul S. Atkins said in the statement. …