Democrats push to cut crypto fundraising cap to $50M
- —Annual fundraising cap would fall from $75 million to $50 million
- —A $200 million lifetime fundraising limit is also proposed
- —The amendment is attached to the CLARITY Act
- —Lummis says Democrats voted against investor-protection rules they drafted
Why it matters: The outcome will shape how much capital US crypto projects can raise and when the CLARITY Act becomes law.
Source: Cryptonews.net