- The US SEC said it will continue accepting additional comments from industry participants and the public even after the official comment period closed for its Regulation Crypto proposal.
- The proposal would create a new securities-law exemption that could apply when crypto issuers in the US raise funds, and includes a framework for granting regulatory exceptions to certain token issuances and fundraising activities that meet specified requirements.
- Industry participants asked for clearer rules on how to determine whether a token is a security, airdrops, and secondary-market trading, but the additional comment process does not mean the official comment period has been extended or that the proposal has been finalized.
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