SEC Proposes $75 Million Fundraising for Crypto Assets

The U.S. Securities and Exchange Commission (SEC) has proposed a plan to establish exemptions for certain crypto asset issuances, allowing for a maximum fundraising of $75 million within 12 months, while also providing a smaller pathway that permits raising up to $5 million over four years. Currently, neither option is available. The text discussed in the Senate establishes statutory exemptions for certain auxiliary assets sold under investment contracts, with an annual cap of $50 million or the greater of 10% of the value of circulating assets, applicable over a four-year period. In the SEC's larger pathway, investors are limited to purchasing 10% of their financial capacity and must meet requirements for information disclosure, audited financial statements, and annual, semi-annual, and ongoing reporting. The two pathways also differ in resale handling; the SEC's larger pathway does not impose holding period restrictions, while the Senate text sets conditions for sales by related parties. The Senate text retains specific federal liability provisions and maintains private rights of action, indicating that non-compliance with the exemption does not determine whether auxiliary assets are considered securities. The SEC proposal will accept public comments until October 20, 2026, and the congressional framework is still incomplete, making it difficult to summarize the differences between the $75 million and $50 million models.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.