🚨 SEC Proposes $75 Million Fundraising Cap for Crypto Startups
The US SEC is reviewing a proposal to establish two new fundraising exemptions for crypto ventures. The framework offers a primary path for startups to raise up to $75 million in any 12-month period, alongside a secondary option for $5 million over a four-year window.
Industry stakeholders have until October 20 to submit formal feedback. Currently, 31 comments are on record, addressing critical issues like disclosure requirements, investor protections, and how the $75 million ceiling should be calculated for projects using shared infrastructure.
#SEC #CryptoRegulation #Fundraising #Web3
The US SEC is reviewing a proposal to establish two new fundraising exemptions for crypto ventures. The framework offers a primary path for startups to raise up to $75 million in any 12-month period, alongside a secondary option for $5 million over a four-year window.
Industry stakeholders have until October 20 to submit formal feedback. Currently, 31 comments are on record, addressing critical issues like disclosure requirements, investor protections, and how the $75 million ceiling should be calculated for projects using shared infrastructure.
#SEC #CryptoRegulation #Fundraising #Web3
⚡ S&P Global Acquires Smart Contract Security Firm OpenZeppelin
Financial giant S&P Global has agreed to acquire OpenZeppelin, a leading provider of smart contract security and open-source blockchain tools. The deal will integrate the crypto security firm into the S&P Global Ratings division, marking a major move by Wall Street into Web3 infrastructure.
OpenZeppelin is a cornerstone of the crypto ecosystem, with its software facilitating over $37 trillion in value transfers since 2015. The acquisition aims to combine S&P's institutional risk expertise with OpenZeppelin's technical knowledge of smart contracts and decentralized finance.
#SPGlobal #OpenZeppelin #Web3 #CryptoSecurity
Financial giant S&P Global has agreed to acquire OpenZeppelin, a leading provider of smart contract security and open-source blockchain tools. The deal will integrate the crypto security firm into the S&P Global Ratings division, marking a major move by Wall Street into Web3 infrastructure.
OpenZeppelin is a cornerstone of the crypto ecosystem, with its software facilitating over $37 trillion in value transfers since 2015. The acquisition aims to combine S&P's institutional risk expertise with OpenZeppelin's technical knowledge of smart contracts and decentralized finance.
#SPGlobal #OpenZeppelin #Web3 #CryptoSecurity
💰 Sam Altman-backed Bitcoin Insurer Meanwhile Raises $37.5M
Bermuda-based life insurer Meanwhile has secured $37.5 million in a new funding round led by Bain Capital Crypto. This brings the company's total funding to over $180 million.
The startup, which operates entirely in Bitcoin, counts OpenAI CEO Sam Altman among its early backers. Other participants in this round include Pantera Capital, Framework Ventures, and Morgan Creek Digital.
Meanwhile offers life insurance policies denominated in BTC, targeting high-net-worth individuals globally. The company reports surging demand in Asia and Europe as wealthy families seek regulated ways to pass digital wealth to heirs.
#Bitcoin #CryptoInsurance #SamAltman #Web3
Bermuda-based life insurer Meanwhile has secured $37.5 million in a new funding round led by Bain Capital Crypto. This brings the company's total funding to over $180 million.
The startup, which operates entirely in Bitcoin, counts OpenAI CEO Sam Altman among its early backers. Other participants in this round include Pantera Capital, Framework Ventures, and Morgan Creek Digital.
Meanwhile offers life insurance policies denominated in BTC, targeting high-net-worth individuals globally. The company reports surging demand in Asia and Europe as wealthy families seek regulated ways to pass digital wealth to heirs.
#Bitcoin #CryptoInsurance #SamAltman #Web3