SEC Reg Crypto Proposal Starts 60-Day Federal Register Comment Clock
The SEC’s proposed “Regulation Crypto Assets” framework was published in the Federal Register on August 21, opening a 60-day comment period ending October 20. The proposal is not final law, but it begins formal rulemaking on crypto token fundraising. Key features include possible exemptions for covered digital asset investment contracts: a one-time startup exemption of up to $5 million and a 12-month fundraising exemption of up to $75 million. It also proposes a conditional safe-harbor concept under which certain tokens could stop being treated as investment contracts if issuer efforts have ended or been discontinued. The publication matters because public comments may lead the SEC to narrow, revise, delay, or drop parts of the framework. The main significance is potential clearer US pathways for compliant token issuance, not immediate approval of token sales.
