BIT: SEC's Proposed Crypto Financing Exemption Rules Could Open Space for Altcoin Financing and Market Movement

On August 25, according to analysis by BIT's official Chinese account (@BITofficial_CN), the U.S. Securities and Exchange Commission's (SEC) proposed crypto asset regulatory rules could provide securities registration exemptions for eligible crypto asset financing activities, thereby lowering compliance barriers for token issuance and improving the industry's financing environment. Under the proposal, qualifying issuances could apply for two types of exemptions: one for one-time financing, with a total cap of $5 million over four years; the other allowing issuers to raise up to $75 million within any consecutive 12-month period.

Both types require fulfillment of information disclosure obligations, with the latter also requiring submission of financial statements and ongoing disclosure of relevant information.

[TechFlow]