California Opposes SEC Crypto Plan Over Investor Protection Risks
- —DFPI submitted its comment letter to the SEC on Oct. 21
- —SEC crypto fundraising exemption would permit up to $75 million per 12 months
- —Startup exemption would allow up to $5 million over four years
- —DFPI added nearly 200 crypto scams to its tracker, a 30% yearly increase
Why it matters: The dispute will decide whether states keep preventive screening power over crypto offerings under SEC exemptions.
Source: Bitcoin.com