• Key takeaway: The Securities and Exchange Commission is proposing two exemptions for certain crypto companies looking to raise capital. The first would allow a one-time offering of up to $5 million over four years, while the second would permit companies to raise up to $75 million in any 12-month period.
• Expert quote: “The SEC continues to support congressional work on the CLARITY Act, and we expect to see the bill reach the president’s desk. Under our current statutory authority, we are acting. The work before us is too important.” — SEC Chair Paul Atkins
• What’s at stake: The SEC proposal comes as Congress works to advance the CLARITY Act, which would establish a comprehensive legal framework for the entire crypto market.

The…