U.S. SEC proposes crypto fundraising exemptions of up to $75 million

The U.S. SEC on Aug. 18 formally proposed Regulation Crypto Assets, which would create two tailored exemptions from securities-law registration requirements for certain crypto investment contracts and lower regulatory barriers to capital raising. Under the proposal, issuers could choose between two exemption tracks based on the scale of fundraising. Smaller projects would be allowed to raise up to $5 million over four years without complex disclosure procedures. Larger offerings, meanwhile, could qualify for an exemption for up to $75 million a year if they meet stricter requirements, including principles-based disclosures, financial statements, and periodic reports. The proposal also includes a conditional safe harbor that would allow qualifying offerings to avoid treatment as strict securities-law investment contracts, as well as a preemption measure aimed at reducing differences among state-level rules. The SEC said the measure remains at the proposal stage and will go through a 60-day public comment period. The source added the announcement is unlikely to trigger immediate price swings or broad market fallout.