Blockchain Association of the United States: Calls on SEC to clarify token decentralization standards, supports 24/7 trading

The Blockchain Association submitted a letter to the SEC regarding the "Regulation of Crypto Assets" proposal, suggesting raising the startup exemption limit to $10 million and the fundraising exemption to $150 million (supporting on-chain transparency as an alternative to audits and excluding airdrops), and establishing a third-party registration safe harbor for existing tokens.

The Blockchain Association calls for clear objective decentralization standards for tokens to escape the "investment contract" attribute (such as open source and no unilateral review rights), while strengthening federal regulations' priority jurisdiction over state legislation, supporting 24/7 trading on exchanges and self-custody.