US SEC to Propose Crypto Rules as Early as This Month to Simplify Startup Financing

CoinFeed July 8 news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) updated agenda shows that it plans to propose new cryptocurrency rules as early as this month. The rule will establish a temporary registration exemption for developers launching crypto investment contracts, allowing a certain amount of fundraising, and create a safe harbor for issuers exiting securities management. SEC Chairman Paul Atkins said the move aims to achieve the goal of 'making the United States the world's crypto capital,' set clear rules for crypto asset financing, and provide clear guidance on the custody and trading of on-chain tokenized securities. This is the SEC's first major rulemaking in the crypto space, following the agency's issuance of a digital asset classification framework and work on proposals to promote tokenized securities. The cryptocurrency rules are currently under review at the White House Office of Information and Regulatory Affairs.