SEC Proposes Rule to Allow Crypto Projects to Raise Up to $75 Million Annually

The Securities and Exchange Commission (SEC) has proposed its first major rule for cryptocurrencies. On August 18, the SEC published Regulation Crypto Assets, which would allow crypto projects to raise up to $75 million in capital per year without registering their offering as they would if issuing stock.

This new policy dovetails with an earlier regulatory interpretation by the SEC and the Commodity Futures Trading Commission (CFTC), which categorized 18 leading cryptocurrencies as digital commodities rather than securities. The proposed rulebook aims to cover everything not handled by this first stab earlier in the year, attempting to create a sensible framework for crypto regulation.

For holders of prominent coins like Bitcoin and XRP, the rules are unlikely to change much if implemented in their current form. However, for Ethereum and Solana, among others, the implications could be substantial, albeit indirect.