Bitcoin Rises to $64,878 and Ethereum to $1,936 as SEC Unveils New Crypto Rules

3 articles · Updated · Yahoo Finance · Aug 19

Bitcoin climbed to $64,877.66 by 9:25 a.m. ET and Ethereum rose to $1,936.31 after both opened modestly higher on Wednesday.
The gains followed an SEC proposal creating a capital-raising framework for crypto companies, including two exemptions from registration requirements for some crypto-related investment contracts.
The draft rules would still require disclosures, while larger offerings would need financial statements and ongoing reporting.
They also let some crypto assets leave securities classification after projects meet core managerial commitments, a shift that could favor mature networks such as bitcoin and ethereum.
Even after Wednesday's uptick, Bitcoin remained 44.4% below a year earlier and Ethereum was down 55.6%, underscoring how far both tokens sit below past peaks.