The US Securities and Exchange Commission has advanced its crypto market safe harbor proposal to the White House for regulatory review, marking a key step toward potential new rules.
SEC Chair Paul Atkins said the Regulation Crypto Assets proposal is now with the Office of Information and Regulatory Affairs, the final stage before public release.
“We will have reg crypto that we will be proposing here shortly,”
Atkins said, noting the framework is designed to incorporate industry feedback.
The proposal includes a startup exemption allowing projects to raise funds over four years with lighter disclosure requirements.
It also introduces a fundraising exemption enabling issuers to raise capital within a 12-month window while maintaining flexibility under existing securities exemptions.
A third component, the investment contract safe harbor, would allow certain crypto assets to avoid being classified as securities once project teams step back from active management.
If adopted, the framework could provide clearer regulatory guidance and encourage crypto innovation in the US market.