Grayscale Head of Research Zach Pandl said the Securities and Exchange Commission's proposed Regulation Crypto Assets could facilitate token-based fundraising in the United States, according to an article published Wednesday (Aug. 19).
The SEC announced the proposed regulation on Tuesday (Aug. 18). Pandl's article said the rule could bring more U.S. issuers on-chain and drive value to underlying networks such as Ethereum, Solana and BNB Chain.
According to the article, fundraising through the offering of newly issued tokens has been taking place overseas but has not been offered to U.S. investors due to regulatory ambiguity. Regulation Crypto Assets is intended to reverse that trend and reduce the associated legal uncertainty.
Further details of the proposal were not specified in the available source material.
