, the proposal could provide a more predictable route to raising capital in the US. The SEC says the framework is intended to reduce incentives for companies to move fundraising activities offshore and encourage more innovation in domestic markets.

However, the proposal is not yet final. The SEC has opened a 60-day public comment period, with comments due by October 20, 2026. The agency could modify the rules before adopting a final version.

The proposal also arrives as Congress considers broader crypto legislation. That means the eventual could be shaped by both congressional action and SEC rulemaking.

For now, the USD 75 million exemption represents a significant potential change for crypto fundraising. If adopted, it could give…