US Senate Bill Could Revive ICO Market with $75M Annual Cap
US Senate Bill Could Revive ICO Market with $75M Annual Cap
🤔 Senate's $75M ICO Plot
A new 35-page Senate bill aims to clarify token regulations, potentially reviving the ICO market. Key developments:
- Startups could raise up to $75M annually for 4 years without SEC oversight
- Applies to tokens not classified as securities
- Streamlined process compared to CLARITY Act
This comes amid broader crypto regulation efforts in DC:
- CLARITY Act defining security vs commodity status
- GENIUS Act for stablecoin oversight
- Anti-CBDC Act blocking digital dollar
Market impact:
- BTC hit $122K with $85B open interest
- Technical resistance at $124K
- RSI at 71 showing room for growth
Critical votes scheduled July 14-18 could reshape crypto regulations
🪙 Are ICOs coming back? The US Senate released a 35-page bill that could let startups launch tokens without fearing the SEC 💡 If your token isn’t a stock, you might raise up to $75M/year for 4 years ✅ Fewer legal hoops ✅ Simpler than the CLARITY Act
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