According to CoinMeta, the blockchain association submitted a comment letter to the U.S. Securities and Exchange Commission regarding the proposed regulations on crypto assets, suggesting an increase in the financing exemption limit for startups to $10 million and raising the overall financing exemption limit to $150 million. In addition, the association also proposed regulatory optimization suggestions such as a safe harbor mechanism, clarifying the linkage of responsibility control rights, and strengthening the pre-applicable nature of federal regulations.