The SEC proposed Regulation Crypto Assets on Aug. 18: a $5 million startup exemption, a two-tier fundraising exemption capped at $75 million, a safe harbor from the investment contract definition, and state law preemption.

The SEC proposed Regulation Crypto Assets on Aug. 18: a $5 million startup exemption, a two-tier fundraising exemption capped at $75 million, a safe harbor from the investment…

The proposal creates two exemption tracks for token offerings and a safe harbor that lets certain crypto assets exit securities law requirements