US Securities and Exchange Commission: The proposed rules include two exemptions from registration requirements under the 1933 Securities Act, which specifically apply to certain investment contracts involving cryptographic assets. The first is a one-time exemption that allows issuance activities of up to $5 million over a four-year period. The second exemption would allow for up to $75 million in issuance activities every 12 months.

US Securities and Exchange Commission: The proposed rules include two exemptions from registration requirements under the 1933 Securities Act, which specifically apply to certain investment contracts involving cryptographic assets. The first is a one-time exemption that allows issuance activities of up to $5 million over a four-year period. The second exemption would allow for up to $75 million in issuance activities every 12 months.