SEC Proposes New Rules for Cryptocurrency Trading Platforms
The US Securities and Exchange Commission (SEC) has proposed new rules for cryptocurrency trading platforms and issuers. On August 18, 2026, the agency published 'Regulation Crypto Assets,' a rulemaking that aims to clarify how federal securities laws apply to tokens and related transactions.
The proposal creates two registration exemptions: one allowing offerings up to $5 million over four years, and another permitting up to $75 million during a 12-month period with required financial statements and ongoing reporting. A conditional safe harbor would also exclude certain crypto assets from being considered 'investment contracts.'
Industry groups have responded positively to the proposal, with Summer Mersinger, CEO of the Blockchain Association, praising it as providing 'clear pathways to raise capital.' However, some executives still worry that future administrations could revise the rules without a statute.