According to Wu Blockchain, the Blockchain Association in the U.S. has submitted a comment letter to the SEC regarding the 'crypto asset regulation' proposal. They are calling for clear, objective decentralization standards for tokens to shed the 'investment contract' label (e.g., open source, no unilateral control). The letter suggests raising the startup exemption cap to $10 million and the fundraising exemption cap to $150 million (supporting on-chain transparency as an alternative to audits and excluding airdrops from the calculation). It also proposes establishing a third-party filing safe harbor for existing tokens, strengthening federal law's precedence over state legislation, and supporting 24/7 trading and self-custody on exchanges. https://www.(wublock123.com)/news/us-blockchain-association-asks-sec-token-decentralization-exemption-cap-increase-70412