Solana (SOL) has gone up by 3% in the past 24 hours, and it is currently breaking past a key resistance at $78, setting the stage for a strong rally after the U.S. Securities and Exchange Commission (SEC) proposed a set of new rules for the crypto **** e.
These new regulations include an exemption for crypto businesses that allows them to offer up to $5 million in unregistered securities over a period of four years and $75 million during a 12-month period to raise capital for their projects.
The investment community will get the chance to comment on this new document called "Regulation Crypto **** ets" for 60 days. Although this is not a substitute for the Clarity Act, it does provide some ground rules for crypto projects to legally offer digital **** ets in the United States without fearing regulatory action.
"As we continue the Commission's efforts to provide clarity for crypto markets, and as Congress works to establish a lasting regulatory framework, Regulation Crypto **** ets seeks to provide crypto **** et entrepreneurs and market participants with clear pathways to raise capital under the federal securities laws," commented the head of the SEC, Paul Atkins, regarding these new provisions.
SOL has closed the last three sessions with decent gains ahead of the release of today's FOMC minutes as well.
#assets
These new regulations include an exemption for crypto businesses that allows them to offer up to $5 million in unregistered securities over a period of four years and $75 million during a 12-month period to raise capital for their projects.
The investment community will get the chance to comment on this new document called "Regulation Crypto **** ets" for 60 days. Although this is not a substitute for the Clarity Act, it does provide some ground rules for crypto projects to legally offer digital **** ets in the United States without fearing regulatory action.
"As we continue the Commission's efforts to provide clarity for crypto markets, and as Congress works to establish a lasting regulatory framework, Regulation Crypto **** ets seeks to provide crypto **** et entrepreneurs and market participants with clear pathways to raise capital under the federal securities laws," commented the head of the SEC, Paul Atkins, regarding these new provisions.
SOL has closed the last three sessions with decent gains ahead of the release of today's FOMC minutes as well.
#assets
9 days ago
