Blockchain Association and Six Crypto Groups Press SEC for Clearer Rules on Token Offerings
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· body · New information from a source
The Blockchain Association and five other organizations submitted comments to the SEC requesting that offering caps under a proposed crypto startup exemption be doubled to $10 million, according to The Defiant.The groups also asked the regulator to incorporate Howey guidance into the rule and permit third parties to file for tokens already trading, while six blockchain organizations separately urged the SEC to formally recognize digital commodities as non-securities.- The Blockchain Association has asked the SEC to double the offering exemption cap for crypto startups to $10 million, according to The Defiant.
- The trade group's comment letter backs the SEC's proposed Regulation Crypto Assets framework but calls for raising both existing offering caps, codifying the agency's Howey test guidance directly into the rule, and allowing third parties to file registration statements for tokens that are already trading.
- Separately, six blockchain organizations have urged the SEC to formally recognize digital commodities as non-securities within its proposed regulatory framework, according to Cointelegraph.
- The groups weighing in include organizations associated with Chainlink and Cardano.
- Both sets of comments target the same SEC rulemaking process on crypto asset regulation, with industry participants pushing for more permissive thresholds and clearer legal classification of tokens.
- The SEC has not yet finalized the framework, and it remains to be seen how much of the industry's input, including the proposed $10 million cap and the push to classify digital commodities outside securities law, will be incorporated into the final rule.
· summary · New information from a source
Trade groups urge SEC to raise startup exemption caps and clarify which tokens count as securities.- Industry groups, including the Blockchain Association and organizations tied to Chainlink and Cardano, are pressing the SEC to loosen and clarify its proposed crypto regulatory framework.
· headline · New information from a source
Blockchain Association seeks SEC approval to double crypto startup exemption to $10 million- Blockchain Association and Six Crypto Groups Press SEC for Clearer Rules on Token Offerings
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
The Blockchain Association has asked the SEC to double the offering exemption cap for crypto startups to Blockchain Association Asks SEC to Double Crypto Startup Exemption to $10 Million.
, according to The Defiant. The trade group’s comment letter backs the SEC’s proposed Regulation Crypto Assets framework but calls for raising both existing offering caps, codifying the agency’s Howey test guidance directly into the rule, and allowing third parties to file registration statements for tokens that are already trading.
Separately, six blockchain organizations have urged the SEC to formally recognize digital commodities as non-securities within its proposed regulatory framework, according to Cointelegraph. The groups weighing in include organizations associated with Chainlink and Cardano.
Both sets of comments target the same SEC rulemaking process on crypto asset regulation, with industry participants pushing for more permissive thresholds and clearer legal classification of tokens. The SEC has not yet finalized the framework, and it remains to be seen how much of the industry’s input, including the proposed $10 million cap and the push to classify digital commodities outside securities law, will be incorporated into the final rule.
Sources: The Defiant, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 2 updates
- flashBlockchain Association seeks SEC approval to double crypto startup exemption to $10 millionfirst reported · 2 sourcesthedefiant.io · cointelegraph.com
- storyBlockchain Association and Six Crypto Groups Press SEC for Clearer Rules on Token Offeringsupdate · 2 sourcesthedefiant.io · cointelegraph.com
US Securities and Exchange Commission Chainlink Cardano
