The U.S. Securities and Exchange Commission (SEC) on Wednesday announced proposed new rules for crypto assets, providing a framework for crypto companies to raise capital and defining two registration exemptions for crypto-related investment contracts. The new rules also allow certain crypto assets to exit securities classification and related reporting requirements after projects fulfill core management commitments, which is expected to benefit mature crypto networks such as Bitcoin and Ethereum. Driven by this news, Bitcoin opened on Wednesday at $64,681.22, up 0.3% from Tuesday's opening price, and rose to $64,877.66 in early trading; Ethereum opened at $1,916.47, up 0.2%, and rose to $1,936.31 in early trading.