Grayscale: Proposed SEC Rules May Benefit ETH, SOL, and BNB
Odaily reported that Zach Pandl, Head of Research at the crypto asset management company Grayscale, stated in an analysis on August 19 that the US Securities and Exchange Commission (SEC)’s proposed Regulation Crypto Assets could increase on-chain token issuance, making ETH, SOL, and BNB potential beneficiary assets.
The SEC proposal is expected to set two categories of issuance exemptions: eligible issuers may raise up to 5 million US dollars over 4 years, or up to 75 million US dollars within any 12-month period; the latter would be subject to higher disclosure and reporting requirements.
The proposal also includes a conditional safe harbor, allowing eligible crypto assets to no longer be considered investment contracts. Grayscale believes that if issuance activity increases, more US issuers and investors will enter on-chain, and value may flow back to the relevant blockchains and their native tokens. (Bitcoin.com News)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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