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Regulation · Instrument · United States · Proposed rule · U.S. Securities and Exchange Commission

SEC proposed Regulation Crypto Assets (Release No. 33-11434, File No. S7-2026-27)Updated 8 Nov 2026

A proposed offering regime for investment contracts involving crypto assets, with two Securities Act registration exemptions (up to $5 million over four years, and up to $75 million a year with financial statements and ongoing reporting) and a conditional safe harbour under which a crypto asset would not be treated as subject to an investment contract. It concerns crypto-asset fundraising rather than tokenised traditional securities.

Consultation closed · part of SEC framework for tokenised securities and crypto assets (federal securities laws, staff statements and exemptive relief)

Timeline

  1. 21 Aug 2026 · Proposed
    Published in the Federal Register.[1]
  2. 20 Oct 2026 · Consultation closed
    Comment period closes as scheduled; the SEC's docket (S7-2026-27) holds over 170 letters, including opposition from the New York Attorney General. No final rule yet.[2]

Deployments operating under it

None recorded with a source yet.

Sources

  1. [1]Regulation Crypto Assets (Release No. 33-11434, proposed rule) — U.S. Securities and Exchange Commission, 21 Aug 2026. Accessed 12 Oct 2026.A
  2. [2]Comments on Regulation Crypto Assets (File No. S7-2026-27) — U.S. Securities and Exchange Commission. Accessed 8 Nov 2026. Comment letters (e.g. the New York Attorney General's, dated 20 Oct 2026) confirm the deadline held; no extension and no final rule yet..A