According to Fixygen, the U.S. Securities and Exchange Commission has proposed a new framework called “Regulation Crypto Assets,” specifically designed to facilitate capital raising by cryptocurrency projects.
The proposal provides for two frameworks.
Small projects will be able to raise up to $5 million over four years, while larger ones can raise up to $75 million every 12 months without going through the full standard securities offering registration process.
At the same time, issuers must disclose information to investors and will continue to be subject to laws regarding fraud and market manipulation.
The SEC is also proposing a safe harbor mechanism that, provided certain requirements are met, allows the crypto asset itself to be separated from the initial investment contract.
Comments on the draft are being accepted through October 20, 2026.
If the rules are adopted, the U.S. will, for the first time, have a separate, full-fledged capital-raising procedure specifically for crypto startups.
