SEC closes comment period on Regulation Crypto Assets easing token issuance

• —Startups could raise up to $5 million over four years without full registration
• —Larger projects get tiered caps of $20 million and $75 million a year with heavier disclosure
• —Safe harbor lets a token shed securities status once issuer promises are fulfilled
• —SEC received about 140 comments; Blockchain Association seeks $10 million and $150 million caps