SEC Proposes Token Offering Rules With $75 Million Exemption
The proposal pairs two registration exemptions with a conditional safe harbor that would take the "investment contract" label off a token, and preempts state securities law. All three sitting commissioners backed it in a vote held outside a public meeting.
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The proposal pairs two registration exemptions with a conditional safe harbor that would take the "investment contract" label off a token, and preempts state securities law. All three sitting commissioners backed it in a vote held outside a public meeting.
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Original source: The Defiant
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