Atkins says expanding S-3 eligibility helps small companies capture market windows before registration delays close them.
“For a small company, that’s not an abstract benefit—it’s the difference between raising capital on a reasonable timeframe and watching a market window close during a lengthy registration process.”
Atkins argues prior rules drove investment offshore, limiting protections and causing investors to lose money completely.
“Thus, it has driven investment offshore, limiting the type of protections that we can provide investors here, and sometimes resulting in investors watching their money completely disappear.”
Atkins proposes two crypto offering exemptions: $5 million over four years for startups, $75 million annually for fundraising.
“a “startup exemption,” which would allow for offerings up to $5 million during a four-year period, and a “fundraising exemption” allowing for offerings of up to $75 million each year.”