California Opposes SEC Crypto Proposal, Citing Investor Protection Risks
Key Highlights: The SEC has proposed crypto offering exemptions permitting startups to raise up to $5 million over four years and up to $75 million annually under a dedicated fundraising route. State regulators, notably California’s DFPI, raise concerns over losing preventive registration screening tools amid a 30% surge in tracked crypto-related scams. Major industry stakeholders ...