On August 21, 2026, the SEC published proposed rules known as Regulation Crypto Assets. The proposal would create a tailored securities offering framework for certain investment contracts involving crypto assets while retaining disclosure requirements, anti-fraud protections, anti-manipulation provisions, and SEC oversight. The public comment period closes October 20, 2026.

The proposal would operate through exemptions and a conditional safe harbor within the federal securities laws. It remains a proposal, and its requirements would take effect only if the SEC adopts final rules.

Startup Exemption: Up to $5M

The proposed startup exemption would permit a project (herein referred to as an “issuer”) to raise up to $5 million during a…