SEC 提议加密资产新规，募资上限 5000 万美元

$5M exemption ceiling gives short squeeze ammo on small caps before the 60-day comment close.

The $5M/4yr exemption threshold offers a viable path for small-cap DeFi protocols to bootstrap without immediate registration pressure. If adopted, this could ironically boost TVL on emerging chains by lowering compliance barriers for early-stage yield farming initiatives.

The $5 million exemption threshold gives smaller projects a clear path forward, letting them focus on building value while avoiding registration hurdles.

This $5M exemption rule could finally let smaller crypto projects launch without the heavy SEC registration burden, which feels like a real step forward for the industry.