An un-accredited investor in America cannot legally put money into a friend’s coffee shop. As of yesterday, that same person can wire over a million dollars into a crypto token launch backed by nothing but a white paper. The SEC wrote that rule without waiting for Congress.
Scott Melker breaks down the SEC’s first permanent crypto fundraising rules, dropped by Chairman Paul Atkins days after the vote everyone assumed was dead: a $5 million raise on a white paper, and a four-year safe harbor that ends SEC oversight once a token decentralizes.
Plus Treasury doubling bond buybacks after the 30-year hit 5.2%, Citi launching Bitcoin custody, and FASB moving to count stablecoins as cash.
Timestamps
00:00 The rule nobody thought was coming
01:16 The meeting that got canceled, and what Atkins did instead
02:02 Five million dollars and a white paper
03:19 Easier than funding a coffee shop
04:27 The four-year safe harbor Peirce wanted for years
05:43 Why a rule is not a law, and Atkins knows it
06:03 Bessent answers the door with a checkbook
07:46 This isn’t QE, but it points somewhere
09:33 Debt service now costs more than the military
09:56 Citi brings Bitcoin inside a $31 trillion platform
11:09 The accounting rule that frees corporate stablecoins
13:08 Six bugs, one exploit, and why small chains keep dying
#Crypto #SEC #Bitcoin #PaulAtkins #ClarityAct #Stablecoins #Regulation #DailyWolf #ScottMelker #YahooFinance
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