#SECToClarifyOnChainFundraisingRules
The U.S. Securities and Exchange Commission (SEC) has proposed a new framework aimed at creating clearer rules for certain crypto-related investment contracts and fundraising activities.
The proposal, called âRegulation Crypto Assets,â would establish a tailored securities-offering framework for certain crypto investment contracts.
đ Key points:
âą Proposed startup exemption: up to $5 million over four years
âą Proposed fundraising exemption: up to $75 million during each 12-month period
âą Principles-based disclosure requirements would apply
âą Securities-law anti-fraud and anti-manipulation provisions would remain applicable
âą A conditional safe harbor could apply after an issuer completes or permanently stops promised essential managerial efforts
đ° Why it matters for crypto:
Clearer fundraising rules could give crypto projects more defined pathways for raising capital while operating within U.S. securities laws.
For investors and developers, the framework could affect how token launches, investment contracts and on-chain fundraising are structured.
đ What traders are watching:
âą SEC rulemaking and public comments
âą Token classification
âą Crypto fundraising activity
âą Investor-protection requirements
âą How the framework could affect U.S.-based crypto projects
âą Future SEC and CFTC coordination
â ïž Important:
This is a proposed framework, not a final rule. The SEC's proposal is currently subject to the regulatory process, and public comments are due October 20, 2026. The final rules could differ from the proposal.