U.S. SEC commissioner proposes three-year grace period for legitimate crypto projects

According to CoinDesk news, on Thursday, US Securities and Exchange Commission (SEC) member Hester Peirce proposed in a speech at the Chicago International Blockchain Conference that cryptocurrency startups can have three years from the start of the initial token sale to the SEC's securities assessment. Grace period, which will allow crypto startups to grow their networks and communities without worrying about regulatory restrictions. "The analysis of whether tokens are issued or sold as securities is not static," she said. That is, some tokens appear to be securities in nature when they are issued, but they no longer have the attributes of securities when they mature.