If CLARITY continues to stall because of Democratic obstruction, the @CFTC will utilize its existing authorities to begin establishing a regime for crypto asset markets. We owe it to the American people to do so.
Here's how we'll get it done ⬇️
🚨CRYPTO INVESTORS: DO NOT SCAN THIS QR CODE
A fake IRS notice is being mailed to crypto holders directing them to a bogus “Digital Asset Compliance Portal.”
It looks very convincing. It isn’t real.
Please spread the word.
🚨NEW: The @SECGov has just formally proposed Regulation Crypto Assets, a new framework for crypto fundraising in the U.S.
The proposal would:
📌Allow certain offerings of up to $5M over four years or $75M annually without SEC registration
📌Create a conditional safe harbor for crypto assets once an issuer’s essential managerial efforts have ended
📌Preempt certain state securities registration requirements
It now enters a 60-day comment period.
🚨NEW: Adding to Eleanor’s reporting here:
SEC Chairman Paul Atkins will also be in attendance at Wednesday’s White House event.
Also invited: executives from Kraken, Gemini, the NYSE and NASDAQ.
🚨NEW: The @SECGov is cancelling its planned open meeting tomorrow due to a scheduling conflict.
Per a spokesperson: “The SEC is committed to delivering on the President’s agenda to bring certainty to the crypto space. Due to an unforeseen scheduling issue, tomorrow’s Open Meeting will be moved to a later date.”