SEC proposes crypto regulatory framework

On August 18, 2026, the United States — United States Securities and Exchange Commission (SEC) proposed a new regulatory framework for crypto assets, marking the first major step under President Donald Trump's administration to provide tailored rules for the industry. The proposal would exempt certain crypto companies and offerings from U.S. securities rules, making it easier for them to issue tokens and raise capital. It includes a one-time exemption to issue up to $5 million in crypto tokens over four years, and offerings of up to $75 million per 12-month period, subject to financial statement and reporting requirements. A safe harbor would exclude a crypto asset from being deemed an investment contract under certain conditions. SEC Chairman Paul Atkins stated the plan seeks to provide clear pathways for crypto asset entrepreneurs and market participants to raise capital under federal securities laws. The proposal follows the SEC's earlier moves to end its crackdown on the industry, including dismissing lawsuits against Coinbase and Binance. Industry groups such as the Blockchain Association and Digital Chamber praised the proposal. Separately, the United States — Office of the Comptroller of the Currency (OCC) conditionally approved a national trust charter for World Liberty Financial, linked to Trump's crypto venture World Liberty Financial, allowing it to manage assets and settle payments. The SEC's proposal is subject to a 60-day public comment period after publication in the Federal Register. Industry executives worry that without legislation, future administrations may overturn or toughen the rules.