SEC Unveils ‘Regulation Crypto Assets’: New $5M and $75M Path for Token Offering

The Securities and Exchange Commission (SEC) proposed a new rule on August 18 that would let crypto companies raise money through two exemptions from standard securities registration.

The plan, called “Regulation Crypto Assets,” sets one path capped at $5 million every four years and another at $75 million per year, alongside a safe harbor that could pull certain crypto assets outside the legal definition of a security.

Two Paths to Raise Capital Under the proposal, the smaller exemption is a one-time offering worth up to $5 million over a four-year period.

Issuers using it would need to give investors narrative disclosures about the offering, written in plain language rather than the dense form typical of a full registration statement, and the requirements stay fairly informal by comparison.