SEC proposes crypto exemptions, safe harbor for digital assets
The SEC proposes two Securities Act exemptions for certain crypto token offerings and a safe harbor when a project finishes key managerial efforts under an investment contract.
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BTC: SEC proposes new crypto investment contract rules
The U.S. SEC proposes rules to create a “clear and fit-for-purpose” framework for certain investment contracts involving crypto assets, including two tailored exemptions from the Securities Act of 1933 registration requirements.