US SEC ISSUES A PROPOSAL FOR THE REGULATION OF ENCRYPTED ASSETS, COMMENTS TO

THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (SEC) ISSUED A PROPOSAL FOR THE REGULATION OF ENCRYPTED ASSETS, WHICH FORMALLY OPENED A 60-DAY PUBLIC COMMENT PERIOD ON 20 OCTOBER. THE PROPOSAL INCLUDED A POSSIBLE EXEMPTION FOR DIGITAL ASSET INVESTMENT CONTRACTS, A ONE-TIME EXEMPTION FOR START-UPS UP TO $5 MILLION AND A FINANCING EXEMPTION UP TO $75 MILLION WITHIN 12 MONTHS. ALTHOUGH THIS PROPOSAL MAY HAVE A SIGNIFICANT IMPACT ON THE ENCRYPTION MARKET, IT HAS NOT YET BEEN FINALIZED AND THE SEC HAS NOT APPROVED ANY TOKEN SALES. THE RELEASE OF THE PROPOSAL MARKED AN IMPORTANT STEP FORWARD IN THE UNITED STATES IN TERMS OF THE REGULATION OF ENCRYPTED ASSETS。