The US SEC chairman proposed a safe harbor for crypto regulations, covering three exemption pathways for startups and financing.

PANews reported on March 18 that, according to the U.S. SEC website, SEC Chairman Paul Atkins, at the DC Blockchain Summit, not only announced new cryptocurrency guidelines but also proposed a regulatory safe harbor for crypto assets, including three exemption pathways: 1. Startup Exemption: Allowing projects a regulatory buffer period of up to four years before they reach maturity, with a maximum fundraising limit of $5 million within four years, requiring the submission of principle disclosures. 2. Fundraising Exemption: Allowing projects to raise up to $75 million within 12 months, requiring the submission of disclosure documents to the SEC including principle disclosures, financial status, and financial statements. 3. Investment Contract Safe Harbor: Crypto assets may be exempt from the definition of securities once the issuer completes or permanently ceases core management efforts under the investment contract. Atkins stated that this framework draws on recent congressional work, particularly the CLARITY Act, and proposed rules are expected to be released for public comment in the coming weeks.