The proposal seeks to curb offshore activity, standardise disclosures and create clearer pathways for issuers and investors.
The US Securities and Exchange Commission (SEC) has proposed a new rule package, Regulation Crypto Assets, aimed at establishing a fit-for-purpose securities offering regime for certain investment contracts involving crypto assets. The public comment period will remain open for 60 days The proposal follows the regulator’s March interpretive guidance clarifying how federal securities laws apply to crypto assets and related transactions. The proposed rules introduce two exemptions