SEC proposes new rules allowing crypto token sa...

The US SEC has proposed 'Regulation Crypto Assets,' which would legally permit crypto projects to sell tokens directly to US investors and establish a formal exit from securities classification. The rules include two exemptions for token sales with disclosure requirements and financial reporting for larger raises, plus a safe harbor allowing tokens to exit securities status once promised managerial work ends. Public comments are open for 60 days, with the proposal intended to replace years of litigation such as the Ripple XRP case.