Blockchain Association Urges SEC to Double Crypto Startup Exemption to $10M

The industry's push to double the startup exemption signals that the debate has moved from whether crypto gets a tailored regime to how generous its thresholds should be. Raising the cap and allowing third-party filings for already-trading tokens would matter most for smaller issuers and for tokens stuck in regulatory limbo, not for the largest players. The open question is whether the SEC treats the comment letter as a negotiating position or as an outlier, and whether Howey guidance ends up codified in the rule rather than left to enforcement.