After what feels like a lifetime in the making, the SEC’s proposed new Regulation Crypto Assets rules could finally make public token sales easier in the United States.
The proposal would allow qualifying issuers to raise up to $75 million during any 12-month period, and potentially allow projects to return to investors to raise more funds year after year as they build out their networks.
That could create a new, staged model for token fundraising, and potentially make early allocations more attractive to investors betting on higher valuations later.
But before you put the champagne on ice, it’s unlikely to bring back the freewheeling initial coin offering mania of 2017, according to Lee Reiners, a Duke University lecturing fellow and financial regulation expert. He tells Magazine:
“My initial view is that the $75 million exemption could make public token offerings more feasible, but it is unlikely to produce a return to the ICO…
