SEC proposes biggest IPO overhaul in 20 years — crypto firms get a direct path to Wall Street capital!

The U.S. Securities and Exchange Commission has unveiled the most sweeping overhaul of IPO and public-company rules in more than two decades, a package that could dramatically lower the cost and complexity of going public — and that crypto firms stand to benefit from disproportionately.

The centerpiece of the proposal is immediate access to shelf registrations for newly public companies, eliminating the current roughly one-year waiting period and scrapping the $75 million public float requirement. Shelf registrations allow firms to pre-register securities and sell shares quickly when market conditions are favorable — a critical tool for volatile-sector businesses like crypto. The SEC also proposed raising the 'large accelerated filer' threshold from $700 million to $2 billion in public float, with companies needing to exceed that level for two consecutive years before facing the…