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Just now: The "Safe Harbor" proposal in the crypto world has been sent to the White House, and this is bigger than you think.
Today, a piece of news that few people paid attention to:
The "Safe Harbor" proposal for the US crypto market was officially submitted to the White House for review today.
What does this mean?
Simply put: New projects issuing tokens/funding can, if they meet certain conditions, temporarily be exempt from SEC securities regulation. Providing projects with a compliant "trial period" so they won't be immediately classified as securities and sued.
SEC Chair Atkins personally pushed for this.
If it passes, it means:
• Projects in the US can legally issue tokens
• A large amount of VC funding that was hesitant to enter the US market will come in
• The arsenal for the "copycat season" could be much larger than the last round
The 2017 ICO boom was driven by regulatory gaps.
If this time clear regulation is established, what scale could it reach?
This news is the most important thing to watch today, more so than BTC price movements.