SEC Proposes Allowing Crypto Projects to Raise Up to $75 Million Annually Without Full Securities Registration
2026-08-18 20:04
Odaily Planet Daily News The U.S. Securities and Exchange Commission (SEC) on Tuesday proposed new rules that would allow crypto projects to raise funds without full securities registration. The proposed "Crypto Asset Regulation" includes two exemptions: projects raising no more than $5 million over a 4-year period, and issuers raising no more than $75 million every 12 months, subject to the submission of financial statements and ongoing reports.
Both exemptions require information disclosure and remain subject to federal anti-fraud and anti-manipulation rules. The proposal also includes a conditional safe harbor that would allow issuers to "decouple" crypto assets from the investment contracts under which they were issued, provided SEC conditions are met.
SEC Commissioner Hester Peirce stated that the exemptions would not cover all types of crypto projects, and the Commission will refine the rules based on market developments. The SEC canceled a related meeting last week citing "unforeseen scheduling issues," and resurfaced the proposal days later. (Decrypt)
Both exemptions require information disclosure and remain subject to federal anti-fraud and anti-manipulation rules. The proposal also includes a conditional safe harbor that would allow issuers to "decouple" crypto assets from the investment contracts under which they were issued, provided SEC conditions are met.
SEC Commissioner Hester Peirce stated that the exemptions would not cover all types of crypto projects, and the Commission will refine the rules based on market developments. The SEC canceled a related meeting last week citing "unforeseen scheduling issues," and resurfaced the proposal days later. (Decrypt)
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