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Spent my morning reading the SEC's new crypto rule instead of my inbox. Here's the part that actually matters: You can raise up to $75M without full registration, as long as you explain what people are buying in plain English. That's it. Feels less like a rulebook and more like the SEC finally saying "I get it, you're here to stay." 60 days to comment if you've got opinions, and if you're in crypto, you do.

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