Lummis: new crypto fundraising caps added to CLARITY Act
- —Annual Regulation Crypto fundraising cap cut from $75 million to $50 million
- —A $200 million lifetime fundraising cap was added
- —Both conditions were agreed and written into the CLARITY Act
- —Lummis accused Democrats of voting against her retail investor protections
Why it matters: The caps will determine how much crypto projects can raise without full SEC registration, shaping the market for small issuers.
Source: PANews