The SEC's newly proposed Regulation Crypto Assets creates two registration exemptions and a path out of securities treatment for tokens, and the announcement helped drive an 8.6% Bitcoin and roughly 18% Ether surge within 48 hours.
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Transcript
The SEC just proposed its first real rulebook for crypto offerings, and traders reacted within hours. Bitcoin jumped almost 9 percent, Ether jumped about 18. Regulation Crypto Assets creates two new exemptions: a startup exemption letting founders raise up to 5 million dollars over four years without full registration, and a fundraising exemption up to 75 million a year. But the more interesting piece is a safe harbor that could let a token stop being treated as a security once the team behind it has finished, or permanently stopped, the work it promised, once the network is genuinely decentralized. That's a different track from the Clarity Act still moving through the Senate. Part of Thursday's price move was mechanical too: nearly 3 billion dollars in short positions got liquidated as the rally accelerated. The public comment period runs 60 days, so nothing here is final. What's actually worth watching is whether the final rule survives comment intact, or gets watered down before it locks in.