U.S. SEC to Propose Crypto Rule as Soon as This Month to Ease Startups, Fundraising

The U.S. Securities and Exchange Commission is set to propose a new crypto rule as soon as this month that would ease securities compliance for crypto startups and fundraising, according to CoinDesk, citing an updated SEC agenda. The proposal, dubbed “Regulation Crypto,” would create temporary exemptions from registration for developers launching crypto investment contracts, permit a certain amount of fundraising, and establish a safe harbor for issuers reducing managerial efforts over a security. The agenda lists the rule for July and says it remains under review at the White House Office of Information and Regulatory Affairs.