WASHINGTON, Aug 18 (Reuters) – The U.S. Securities and Exchange Commission on Tuesday proposed a new ​regulatory framework for crypto assets, the first ‌major step under U.S. President Donald Trump’s administration to give the industry the tailored rules it has long pushed ​for.

The SEC’s proposal would exempt certain crypto ​companies and offerings from U.S. securities rules, ⁠which should make it easier for crypto companies ​to issue tokens and raise money.

The SEC’s plan “seeks to ​provide crypto asset entrepreneurs and market participants with clear pathways to raise capital under the federal securities laws,” Chairman ​Paul Atkins said in a statement.

It would allow ​a one-time exemption to issue up to $5 million in…