Hawkeye Digital urges SEC to double crypto startup offering limit to $10 million
HWKE•Hawkeye Digital recommended that the SEC raise the startup offering limit under its proposed Regulation Crypto Assets from $5 million to $10 million, citing legal and licensing costs.
1. Proposed changes
In a comment letter backing the SEC’s proposed Regulation Crypto Assets, Hawkeye Digital recommended four changes for early-stage issuers. It said Tier 1 offerings under the fundraising exemption should proceed on a filing basis without SEC qualification.
2. Other recommendations
The company also sought clearer safe-harbor criteria to distinguish administrative functions from essential managerial efforts, and recognition of third-party code audits in security disclosures.
