# SEC Crypto Asset Regulation Proposal Starts 60-Day Comment Period The SEC's proposed crypto asset framework initiates a formal public feedback process in the US. - **Source:** [NewsBTC](https://brifing.si/source/1757e8d5-352f-4479-994f-79c6e6161b17) - **Published:** 2026-08-21 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/07351db6-e21d-4d9c-96f6-e8c44994d120 ## SEC's Crypto Regulation Proposal Published The U.S. Securities and Exchange Commission (SEC) has published its 'Regulation Crypto Assets' proposal in the Federal Register. Released on August 21, the proposal starts a 60-day public comment period ending October 20. It includes a $5 million startup exemption and a 12-month $75 million fundraising exemption. However, these rules are not yet final and remain subject to change based on public feedback and SEC review. ## Significance of Federal Register Publication Publication in the Federal Register is more than a procedural step—it formally initiates the rulemaking process. Crypto issuers, exchanges, investors, and legal experts can now submit comments that may influence the final rules. The SEC could modify exemptions, add conditions, or adjust definitions based on feedback. This comment period represents a critical phase where stakeholders can shape the regulatory framework for crypto assets in the United States. ## New Framework for Token Fundraising The proposal introduces two key exemptions: a $5 million startup path for early-stage projects and a $75 million 12-month exemption for more mature ventures. For years, U.S. token fundraising has operated under legal uncertainty, pushing many projects offshore. This framework could potentially bring activity back to the U.S.—if the final requirements prove practical for crypto builders while maintaining investor protections. ## Conditional Safe Harbor Concept A notable aspect of the proposal is its conditional safe harbor provision, which could allow tokens to transition away from being treated as investment contracts. Issuers could certify that managerial efforts are complete, potentially enabling tokens to function within decentralized networks. This addresses a core debate in crypto securities law about when tokens should no longer be considered securities—a question that has plagued regulators since the ICO boom. ## Not a Market Green Light While some market participants may view the proposal as regulatory clarity, it's important to note these are just proposed rules. The SEC hasn't broadly approved token fundraising, and issuers shouldn't assume current activities will qualify for future exemptions. The final rules could become more restrictive after public comments. This represents progress in U.S. crypto regulation, but the rulebook is far from complete. ## Next Steps in the Process The October 20 comment deadline now becomes the focal point. After receiving public feedback, the SEC may revise the proposal, reopen certain sections for additional comments, or proceed to finalization. For crypto entrepreneurs, this period offers a chance to advocate for workable rules. For investors, it's an opportunity to assess whether the U.S. can establish clear guidelines for token issuance without compromising fundamental investor protections. ## Historical Context for Crypto Regulation The legal status of crypto assets in the U.S. has been uncertain since the 2017 ICO boom. The SEC has classified numerous tokens as securities and brought enforcement actions, driving many projects to operate offshore or exclude U.S. investors. This proposal represents the SEC's most comprehensive attempt to provide clarity, though significant questions remain about how the final rules will balance innovation with investor protection in this rapidly evolving space. ## The Regulatory Balancing Act The SEC faces the challenge of fostering innovation while protecting investors—a difficult balance in crypto regulation. Overly strict rules could push projects overseas, while lax standards might expose investors to undue risk. The Regulation Crypto Assets proposal marks an important step in establishing this balance, but its ultimate success will depend on practical implementation and the crypto industry's ability to operate within the proposed framework while continuing to innovate. ## Sources covering this story - https://www.newsbtc.com/news/sec-reg-crypto-proposal-federal-register-comment-clock/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._