BIT says SEC crypto securities exemption proposal could boost market liquidity

A proposed U.S. SEC exemption from securities registration requirements for cryptocurrencies could significantly improve fundraising conditions in the altcoin market, crypto options trading platform BIT, formerly Matrixport, said. BIT said some cryptocurrencies, including Pump.fun’s PUMP, nearly doubled in a week after the news, adding that broader market liquidity would improve further if the proposal is finalized. The SEC had previously formally proposed a rule that would exempt certain cryptocurrencies from securities law registration requirements.