Wu Shuo has learned that Paul S. Atkins, Chairman of the US SEC, stated at the DC Blockchain Summit that the SEC is advancing a framework for classifying crypto assets and interpreting investment contracts. The framework will divide digital assets into non-securities categories (such as digital commodities, digital collectibles, digital utilities, and stablecoins compliant with the GENIUS Act) and digital securities, and will clarify that securities attributes can be terminated upon completion of relevant commitments. Additionally, Atkins proposed a "crypto asset regulatory framework" that aims to provide financing pathways through a safe harbor mechanism, including a startup exemption of approximately 4 years maximum with a financing cap of approximately $5 million, and a financing exemption of up to approximately $75 million within 12 months. Upon meeting conditions, the investment contract safe harbor will apply. The related rules are expected to enter the public comment stage.
Wu Shuo has learned that Paul S. Atkins, Chairman of the US SEC, stated at the DC Blockchain Summit that the SEC is advancing a framework for classifying crypto assets and interpreting investment contracts. The framework will divide digital assets into non-securities categories (such as digital commodities, digital collectibles, digital utilities, and stablecoins compliant with the GENIUS Act) and digital securities, and will clarify that securities attributes can be terminated upon completion of relevant commitments. Additionally, Atkins proposed a "crypto asset regulatory framework" that aims to provide financing pathways through a safe harbor mechanism, including a startup exemption of approximately 4 years maximum with a financing cap of approximately $5 million, and a financing exemption of up to approximately $75 million within 12 months. Upon meeting conditions, the investment contract safe harbor will apply. The related rules are expected to enter the public comment stage.