SEC’s Proposed Clarity Could Spur US ICO Boom

The signal here is procedural rather than substantive: proposed rules are not rules, and the gap between the two is where most US crypto policy has stalled. What matters is that the SEC is at least framing token issuance as a question it can answer, which shifts the conversation from enforcement to structure. Whether this proposal survives comment and formalization is the open question, and until then the ICO pipeline it supposedly unlocks remains theoretical.