Cosmo Jiang

SEC

2026-08-28 03:48:23

Bloomberg: SEC crypto fundraising proposal seeks to revive the ICO model

The U.S. Securities and Exchange Commission has proposed a new framework for crypto asset fundraising that, according to Bloomberg, is meant to reopen a path for ICO-style issuance. Under the proposal, startups would be allowed to raise as much as $5 million over four years, while larger projects could raise up to $75 million annually without completing full SEC registration. The plan marks a notable shift in how token fundraising could be handled under U.S. securities rules. Even so, the market this proposal would enter looks very different from the one that fueled the 2018 ICO boom. ICO fundraising reached $3 billion in January 2018 alone, but venture-backed token trading activity has since fallen sharply. At the same time, speculative capital has moved into perpetual futures, prediction markets and AI-related stocks. Industry figures quoted by Bloomberg were cautious about the proposal’s practical impact. Dragonfly partner Tom Schmidt said it was better than nothing, though he added it would have been more useful a few years ago. Pantera Capital partner Cosmo Jiang argued that the previous situation, where meme coins were legal but tokens with real utility were not, ran against how a capitalist system should work. One analyst also said the ICO of 2026 will not resemble the ICO of 2018.

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Pantera Capit

2026-08-21 00:57:55

Pantera Capital teams up with S&P on a digital asset index benchmark

Pantera Capital is working with S&P to build a digital asset index designed to serve as a crypto-market counterpart to the S&P 500, according to Techub News, which cited CoinDesk. The move followed feedback relayed by Pantera Capital’s Cosmo Jiang, who said institutional investors found existing cryptocurrency indexes unsatisfactory. The planned product is aimed at creating a more suitable benchmark for the digital asset space. The report did not disclose a launch date, methodology, or the assets that would be included in the index, but it framed the effort as a response to demand from institutional market participants seeking a better reference point for crypto exposure.

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