SEC Unveils New Rules for Digital-Asset Securities

The US Securities and Exchange Commission (SEC) is proposing new rules for digital-asset securities, providing a potential path for crypto companies to raise capital and issue tokens under clearer guidelines.

The proposal creates two exemptions for crypto issuers seeking to raise money without going through the full registration process. The smaller exemption allows companies to raise up to $5 million over four years, while the larger track permits as much as $75 million in any 12-month period.

Both options require narrative disclosures about the offering and underlying crypto asset. The larger exemption also demands financial statements and ongoing reports to investors.

The SEC will accept public comments for 60 days before deciding whether to advance a final rule. This comes as Congress debates the broader CLARITY Act, which would establish rules for digital-asset markets and clarify the roles of the SEC and Commodity Futures Trading Commission.