Analysis

Regulation Crypto Assets gives token issuers a defined path to raise capital and gives exchanges, brokers and dealers a footnote promising the SEC will keep thinking. Tonight at 03:59:59Z the comment file closes on that asymmetry.

At 11:59:59 p.m. Eastern tonight, October 20, the public comment file on the Securities and Exchange Commission’s Regulation Crypto Assets proposal shuts, which is 03:59:59Z on October 21. That closes the last public window for the industry to hold the pen on what would be the first purpose-built federal offering regime for crypto. The final 48 hours of the docket were busy. AIMA, Bitwise Asset Management, the Hyperliquid Policy Center and Hivemind Capital Partners filed on October 19, and the Aleo…