SEC Votes on Proposed Crypto Fundraising Rules

The U.S. Securities and Exchange Commission (SEC) is set to vote on Friday, August 14, on proposed rules for crypto fundraising that could provide a tailored route for token projects to raise capital without full securities registration.

According to SEC Chair Paul Atkins, the proposal would create two separate fundraising exemptions: one for startups with an illustrative $5 million over four years, and another for up to $75 million in any 12-month period. Issuers would need to file principles-based disclosures about the investment contract and its underlying crypto asset.

The SEC's vote is not an immediate exemption, but rather a proposal that will open for public comment when released. The eligibility and resale rules remain undisclosed, leaving token developers uncertain about which issuers or offerings would qualify.