The crypto industry got a one-two punch of regulatory relief proposals on Tuesday from the Securities and Exchange Commission and the Financial Accounting Standards Board.

The SEC unveiled a proposal for new “Regulation Crypto Assets” rules providing exemptions to the Securities Act of 1933 related to crypto asset investment contracts, according to a Tuesday press release. The plan calls for a one-time exemption that would allow offerings of up to $5 million during a four-year period, and a second provision would allow offerings of up to $75 million during each 12 month period. 

“Regulation Crypto Assets seeks to provide crypto asset entrepreneurs and market participants…