SEC Set to Review Crypto Fundraising Exemption as Judge Limits CFTC Reach in Kalshi Sports Contracts
The U.S. Securities and Exchange Commission is set to hold a public meeting on Aug. 14 to consider a proposed "Regulation Crypto" framework that would let some crypto projects raise capital without completing a full securities registration process. If advanced for public comment, it would become the SEC’s first formal, durable rulemaking effort aimed specifically at the crypto sector. The proposal would also outline a route for projects to exit SEC oversight once developers stop actively managing the network and the project becomes decentralized. SEC Chair Paul Atkins has previously said the exemption period could last as long as four years, though no fundraising cap was disclosed. On the litigation front, a federal judge in Connecticut ruled that Kalshi’s sports-event contracts are not swaps under the Commodity Exchange Act, meaning the Commodity Futures Trading Commission did not obtain exclusive jurisdiction on that basis. The decision lands as Kalshi remains under pressure in New York, where the CFTC said it used “emergency powers” to require the prediction-market operator to continue operating after the company sought assistance following a lawsuit from New York Attorney General Letitia James. Elsewhere, the market snapshot showed broad declines among major tokens over the past 24 hours, while project, funding, security and AI headlines spanned Bitwise layoffs, a reported COLDCARD Mk3 wallet flaw, Hyperliquid and Robinhood Chain user metrics, and a string of new financings across crypto, AI and financial infrastructure.







