Blockchain Association Seeks Major Changes to SEC Crypto Rules

The Blockchain Association wants objective criteria for determining when tokens no longer qualify as investment contracts and protections for good-faith market participants. The group proposes raising SEC fundraising limits to $10 million for startups and $150 million for fundraising exemptions. The association seeks tailored crypto trading rules, stronger federal preemption, and clearer Treasury guidance on DeFi software and foreign stablecoins. The Blockchain Association has asked the U.S. Securities and Exchange Commission (SEC) to revise proposed crypto rules covering token exemptions, fundraising and secondary-market trading.