RATE Group | SEC Begins Green-Lighting Token Offerings
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SEC Begins Green-Lighting Token Offerings

17 Jul SEC Begins Green-Lighting Token Offerings

Posted at 13:15h in Bitcoin News by

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The U.S. Securities and Exchange Commission recently made history when it green-lighted two token offerings under Regulation A+. “This is the first time in U.S. history that a crypto token offering has received SEC qualification,” one of the two qualified issuers proclaims.

Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments

Historic Event for Crypto Industry

The U.S. Securities and Exchange Commission (SEC) began qualifying token offerings under Regulation A+ (Reg A+) last week. The application by Blockstack PBC was approved on July 10 for Stacks tokens. The other application was approved the following day for Props tokens by Younow, a live streaming app which claims to have 46 million users.

SEC Starts Green-Lighting Token Offerings

Under the U.S. Securities Act of 1933, companies seeking to offer or sell securities to potential investors must either register the offer and sale or qualify for a registration exemption, such as under Regulation A.

The…

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