U.S. SEC Proposed Securities Issuance Rules Involving ICOs in the Cryptocurrency Sector

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) voted to propose changes to a series of rules to simplify and improve the rules for exempting securities issuance. Many exemptions in the cryptocurrency field are covered by D Rule 504. Under the proposed new rules, the maximum amount that can be raised from uncertified investors has increased from $ 5 million to $ 10 million in 12 months. It is reported that in the US securities offering, including the ICO, it must be registered with the SEC or be eligible for an exemption.