SEC unveils Reg Crypto rules with $75m exemption

The U.S. Securities and Exchange Commission has proposed two registration exemptions, including a $75 million annual pathway, under its new Reg Crypto framework for certain crypto investment contracts. Summary The larger exemption would allow qualifying issuers to raise up to $75 million in 12 months. A separate pathway would permit offerings of up to $5 million across four years. The proposal includes a conditional safe harbor and disclosure requirements for participating issuers. Stakeholders will have 60 days to submit comments on the proposed framework. SEC Reg Crypto rules create two offering exemptions The SEC said in an Aug. 18 press release that Regulation Crypto Assets would establish a tailored framework for certain investment contracts involving digital assets. The proposal follows the Commission’s March 2026 interpretation of how federal securities laws apply to crypto assets and related transactions. Under the first exemption, an eligible issuer could offer up to $5 million in crypto investment contracts during a four-year period without completing the standard registration process under the Securities Act of 1933. The pathway would provide smaller projects with a rout...