Regulation Crypto Assets (SEC Proposed Offering Regime & Safe Harbor)
Current understanding
The SEC has proposed ‘Regulation Crypto Assets,’ a new offering regime that would permit issuers to raise up to $5 million over four years or $75 million per year in crypto investment contracts without full Securities Act registration. The proposal also includes a safe harbor that could remove certain crypto assets from the ‘investment contract’ definition under the federal securities laws, materially altering how tokens can be offered, sold, and later traded. Status: proposed rule (evidence tier: proposed-rule); comment period and final adoption pending.
Evidence log
- 2026-08-21 — Regulation Crypto Assets: cross-connection with registered-offering-reform: Regulation Crypto Assets creates a crypto-specific analogue to registered/exempt offering pathways, sitting alongside broader Form S-1/S-3/WKSI reforms in the SEC’s capital-formation stack. (novelty: 4)