meta_id 3414993

On August 18, 2026, the U.S. Securities and Exchange Commission (SEC) announced that it proposed new rules titled "Regulation Crypto Assets" that would establish a tailored securities offering regime for certain investment contracts involving crypto assets. The proposal builds on the SEC's March 2026 interpretative guidance clarifying how federal securities laws apply to crypto assets and transactions involving crypto assets. Regulation Crypto Assets includes two exemptions from the registration requirements of the Securities Act of 1933 specifically tailored to certain crypto asset investment contracts: A one-time exemption that would permit offers of up to $5m during a four-year period. An exemption that would permit offerings of up to $75m during each 12-month period. Under both exemptions, issuers would be required to make certain principles-based narrative disclosures available to their investors. In addition, issuers under the second exemption would be required to provide financial statements and be subject to ongoing reporting requirements. The proposed rules also include a conditional safe harbor from the "investment contract" definition under the Securities Act of 1933 and Securities Exchange Act of 1934 . If the conditions of that proposed safe harbor are satisfied, then a crypto asset would be deemed not to be subject to an investment contract for purposes of those definitions of “security.” In addition, the proposed rules would preempt state securities law registration and qualification requirements with respect to offers and sales of securities issued pursuant to an exemption in Regulation Crypto Assets, as well as certain secondary market transactions. the proposed rules aim to bring greater clarity to when crypto assets fall within the federal securities laws, reduce incentives for issuers to create and operate offshore, and expand investment opportunities for U.S. investors with stronger, more consistent protections. The public comment period remains open for 60 days following publication of the proposed release in the Federal Register. To the best of Vixio's knowledge these regulations have not been formally released yet.