THE US SEC INTRODUCED NEW ENCRYPTION REGULATIONS WITH $75 MILLION EXEMPTION

THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (SEC) HAS RECENTLY INTRODUCED A NEW ENCRYPTION REGULATORY FRAMEWORK THAT INCLUDES TWO REGISTERED EXEMPTIONS, INCLUDING AN ANNUAL EXEMPTION ROUTE OF $75 MILLION FOR CERTAIN ENCRYPTED INVESTMENT CONTRACTS. SEC INDICATED THAT THESE NEW RULES WOULD PROVIDE TWO ISSUANCE EXEMPTIONS FOR INVESTMENTS IN ENCRYPTION。