🚨NEW: The @SECGov has just formally proposed Regulation Crypto Assets, a new framework for crypto fundraising in the U.S. The proposal would: 📌Allow certain offerings of up to $5M over four years or $75M annually without SEC registration 📌Create a conditional safe harbor for crypto assets once an issuer’s essential managerial efforts have ended 📌Preempt certain state securities registration requirements It now enters a 60-day comment period.(Eleanor Terrett)