· Paul S. Atkins · U.S. Securities and Exchange Commission WikiRegulation Crypto Assets: A Token Safe Harbor
Read full speech on sec.gov ↗ContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersSets out the proposed 'Regulation Crypto Assets', with a startup exemption and a safe harbor for token offerings.
Problems raised
- Crypto issuers have no clear way to raise capital in the US.
- Existing rules fit token offerings poorly.
- Innovation moves abroad.
Solutions proposed
- Create a time-limited startup exemption.
- Set an investment contract safe harbor for certain tokens.
- Keep appropriate investor protections.