Original sourceThe Block
Summary
The SEC's Regulation Crypto Assets proposal is nearing the end of its comment period, having received over 100 comments. The proposal would provide exemptions for certain offerings, including up to $5 million for startups and up to $75 million raised within a year exempt from full securities regist…
Key points
- The characterization of airdrops and tokenized securities directly affects whether products can be issued; this is currently the most concrete rulemaking battleground.
- Once the rules are set, they will determine the compliance costs and feasible structures for token issuance, airdrops and on-chain trading.
- Issuance teams should review whether airdrop designs and fundraising sizes fall within exemptions; asset managers must await clarity on investor rights definitions.
Editorial note
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