In brief The SEC proposed exemptions allowing crypto projects to raise up to $5 million over four years or $75 million annually without full securities registration. The proposal includes a safe harbor that could allow a crypto asset to separate from the investment contract through which it was sold. The SEC moved forward with the proposal days after canceling a meeting on the framework amid reported pressure from Wall Street and the White House. The Securities and Exchange Commission proposed new rules Tuesday that would let crypto projects raise funds without requiring full securities registration, abruptly changing course after calling…

Citigroup plans to begin offering bitcoin custody later this year, bringing crypto into the same infrastructure it uses to safeguard traditional assets for institutional investors.On Tuesday, the bank’s institutional infrastructure arm announced the launch of Custody+, a suite of services designed to make custody, settlement, foreign exchange and cash management faster.The service, which does not yet have a launch date, will start with bitcoin BTC$64,225.23 and give clients access to traditional and crypto custody through the same framework.Citi’s custody operation serves clients in more than 100 markets, including 62 markets where it runs its own custody network. By adding bitcoin…

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