*SEC ISSUES CRYPTO-ASSET REGULATORY PROPOSAL

*SEC PROPOSES LETTING CRYPTO PROJECTS SELL TOKENS TO RETAIL INVESTORS

*SEC PLAN COULD REVIVE ICO-STYLE FUNDRAISING IN U.S.

*CRYPTO STARTUPS COULD RAISE UP TO $5M WITHOUT FULL SEC REGISTRATION OR INVESTOR CAPS

*SEC PLAN WOULD ALLOW PUBLIC TOKEN SALES WITHOUT RULE-BASED RESALE RESTRICTIONS

*LARGER CRYPTO PROJECTS COULD RAISE UP TO $75M A YEAR UNDER SEC PLAN

*SEC PROPOSES LEGAL PATH FOR TOKENS TO LEAVE INVESTMENT-CONTRACT REGIME

*QUALIFYING TOKENS COULD EXIT REGIME AFTER ISSUER COMPLETES OR PERMANENTLY ENDS PROMISED WORK