SEC Proposes Regulation Crypto Assets, Drawing Heavily from Crowdfunding Frameworks
The U.S. Securities and Exchange Commission (SEC) has proposed Regulation Crypto Assets, a tailored offering framework for certain investment contracts involving crypto assets.
The proposal, published in the Federal Register on August 21, 2026, draws heavily from existing exempt offering frameworks, particularly those related to crowdfunding. The Crowdfunding Professional Association (CfPA) is cited ten times in the proposing release, with its submission to the Commission's Crypto Task Force serving as a key reference point.
The CfPA sees this development as an opportunity for the industry's perspective to be part of the conversation. 'The Commission is drawing on Regulation Crowdfunding and Regulation A to design something new, which tells you these frameworks are working models worth building on,' said Brian Belley, President of the Crowdfunding Professional Association.
The comment deadline falls on October 20, the opening day of the CfPA Annual Summit. Industry participants who want a voice in this and future rulemakings are invited to join CfPA, with membership open to funding portals, broker-dealers, issuers, investors, attorneys, accountants, technology providers, and platforms.