SEC Commissioner Hester Peirce revealed a new proposal that creates a regulatory safe harbor for developers

In Chicago yesterday, SEC Commissioner Hester Peirce revealed a new proposal that creates a
regulatory safe harbor for developers that raise funds in order to build decentralized networks. 
A welcome step forward for developers working in the United States that unlocks fundraising options
and may help encourage larger players to enter the field.  

To gain the regulatory 3 year grace period, developers must follow certain rules in initial fundraising,
build open source, permissionless networks and be transparent in relevant disclosures.  This opens
the path for teams to legally deliver tokens on decentralized networks.