TLDR Tech / Crypto
SEC Crypto Safe Harbor Proposal Due Shortly at White House for Review
SEC Chair Paul Atkins confirmed the commission's crypto safe harbor proposal is near completion and due shortly for White House interagency review. The framework includes a startup exemption allowing raises up to $5M for up to four years with principles-based disclosures, a fundraising exemption allowing up to $75M within 12 months for more established projects with structured disclosures, and an investment contract safe harbor that defines when a token should no longer be treated as a security after issuers cease essential managerial efforts. The proposal represents the most concrete SEC regulatory relief framework since Atkins took the chair and comes as the CFTC and SEC are jointly running "Project Crypto" to modernize rules.
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