Today I saw a news report that the U.S. Securities and Exchange Commission has submitted the crypto safe harbor proposal to the White House for review. The core idea is to allow projects to raise funds without immediately needing to complete registration.

In the past, compliance came first, then action, but the problem is that early-stage crypto projects are often not fully developed yet, making it difficult to apply a mature financial framework to them. As a result, many projects get stuck at the starting line—either going overseas or simply not proceeding.
This safe harbor essentially provides a window period where projects can operate first, but they must prove themselves within a certain timeframe.
The key change is that regulation is shifting from defining what you are to observing what you do.
This is good for the industry, but not purely beneficial.
The space has indeed opened up, making it easier for projects to launch, but the risks are also pushed further down the line. Being able to raise funds today doesn’t mean you won’t be scrutinized later.
If a project is later deemed a security, all previous actions could be re-examined.
So, this is more like an upgrade to the rules rather than a free pass.
#安全港提案 #SEC