U.S.SEC says it will continue accepting public comments after the Reg Crypto proposal deadline
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AT A GLANCE
SEC says that although the Reg Crypto proposal comment period has ended, it will continue accepting public comments.
Article
U.S.SEC: Public comments will continue to be accepted after the Reg Crypto proposal comment period deadline
PANews October 21 reported that, according to Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) comment period for its Regulation Crypto Assets (Reg Crypto) proposal ended on local time October 20. A SEC spokesperson stated that SEC encourages feedback to be submitted before the deadline, but will continue accepting public comments on the proposed rule after the period ends. The proposal was formally introduced by SEC on August and would establish a new fundraising exemption for issuers of crypto projects raising capital in the United States. Certain offerings would not need to be registered with SEC, with a limit of 4 per year or 5000000 USD annually. The proposal would also establish a conditional safe harbor.
PANews cited Eleanor Terrett as saying that the SEC comment period for its Regulation Crypto Assets (Reg Crypto) proposal ended on local time October 20.
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A SEC spokesperson stated that SEC encourages feedback to be submitted before the deadline, but will continue accepting public comments after the period ends.
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The proposal was formally introduced by SEC on August and would establish a new fundraising exemption for issuers of crypto projects raising capital in the United States.
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Certain offerings would not need to be registered with SEC, with a limit of 4 per year or 5000000 USD annually. 75000000 USD。
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The proposal would also establish a conditional safe harbor.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a procedural development in a proposed rule: the formal comment period has ended, but SEC states that it will still accept feedback. The proposal concerns fundraising exemptions, registration requirements, and a conditional safe harbor for crypto project issuers; the original text does not state that the proposal has become a formal rule.
Why it matters to readers
Subsequent public comments may still concern the specific arrangements for the proposed fundraising exemption and safe harbor, so it is worth monitoring SEC for whether it modifies or finalizes the rule.
For beginners, the key point is that a “proposal” does not mean “already in effect.” The financing limits and safe harbor in the article should currently be understood as proposed arrangements, not existing rules.
Risks and unknowns
The report was relayed by PANews from Eleanor Terrett and an unnamed SEC spokesperson; the original text does not include SEC original documents or records of the statement.
The original text does not specify SEC how long it will accept comments after the deadline or how those comments will be handled.
Whether the proposal will pass, when it will be finalized, and its final terms have not been confirmed.
The original text does not fully explain the scope of application or specific conditions of the fundraising exemption and conditional safe harbor.
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Comment period
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