The U.S. Securities and Exchange Commission is set to propose its first major crypto rule this month, which would exempt several crypto activities from securities regulation:
This idea, known as "Regulation Crypto," would establish temporary exemptions from registration, allow a certain amount of fundraising, and create a safe harbor for issuers who are stepping back from managerial efforts:
SEC Chairman Paul Atkins has stated that this rule aims to support the U.S. crypto industry and ensure that the country becomes the crypto capital of the world:
This rule, expected to be proposed in July, will mark the first significant step by the SEC in favor of crypto businesses:
