The Securities and Exchange Commission will hold an open meeting on Friday to consider whether to propose new rules that would let crypto projects raise capital without registering securities.

The Sunshine Act notice, posted Aug. 10, says the commission will weigh a release creating a tailored framework for certain digital-asset offerings. If opened for comment, it would be the agency’s first durable rule for the industry, not another staff statement.

The shape of that framework has been building for months. SEC Chair Paul Atkins has pushed a “Regulation Crypto Assets” approach built on exemptions rather than enforcement. In March remarks, he described a startup exemption that “could last (say up to four…