SEC's crypto fundraising rule draws over 100 comments before deadline
- —Proposal offers a startup exemption up to $5M over four years and a fundraising exemption up to $75M over 12 months
- —Hyperliquid Policy Center seeks to codify SEC's March view that free airdrops are not securities offerings
- —Blockworks asked the SEC to incorporate its Token Transparency Framework disclosure standard
- —SEC staff said comments will keep being accepted after the deadline
Why it matters: The rules will shape how crypto projects raise capital in the U.S. and how the regulator treats airdrops.
Source: CoinPost