The U.S. Securities and Exchange Commission (SEC) has proposed Regulation Crypto Assets, or “Reg Crypto,” a framework that could give crypto projects a clearer path to raise capital through newly issued tokens in the United States.

Grayscale Research says the proposal could reopen U.S. token-based fundraising and potentially increase activity across major blockchain networks including Ethereum, Solana and BNB Chain.

SEC Proposes New Paths for Token Fundraising

Reg Crypto would create two proposed exemptions for eligible crypto projects.

The first would allow startups to raise up to $5 million over four years with lighter disclosure requirements. A broader exemption would allow qualifying issuers to raise as much as $75 million within 12…