SEC Proposes Regulation Crypto Assets to Bring Token Fundraising Back Home

The US Securities and Exchange Commission (SEC) has proposed Regulation Crypto Assets, which aims to bring token fundraising back home. The proposal was introduced on August 18, 2026, by Chairman Paul Atkins.

According to Atkins, the plan is designed to provide clear guidance for crypto companies instead of aggressive enforcement that drove them overseas. He argues that older securities rules were not suited for token-based businesses and made lawful capital formation harder for them.

The proposal includes two exemptions: a startup exemption allowing one offering of up to $5 million during a four-year period, and a second exemption permitting up to $75 million during each 12-month period. Larger offerings would face stricter requirements, including financial statements and continuing reports.

The proposed regulation also provides a conditional safe harbor from the investment contract definition, focusing on whether an issuer has completed or permanently stopped promised managerial efforts.