The SEC committee has approved the Regulation Crypto Assets proposal, according to a Fox Business crypto reporter on X citing an SEC spokesperson. The vote was conducted seriatim, meaning commissioners voted separately outside a public meeting. The proposal had been scheduled for review last Friday but the meeting was canceled over “unforeseen scheduling issues.” Disclosed details say the framework would let certain crypto asset offerings raise funds without SEC registration, including small offerings of up to $5 million over four years or up to $75 million a year. It also calls for a conditional safe harbor for some crypto assets, and says that once an issuer’s “core managerial efforts” have ended, the asset may no longer face the same securities law treatment.

Robinhood CEO Vlad Tenev said U.S. securities rules need to be modernized so tokenized stocks can trade in America, calling the lack of U.S. Stock Tokens a key gap in the company’s tokenization push. His post came five days after the SEC pulled a planned discussion of its “innovation exemption.” Tenev argued that onchain settlement, 24/7 trading and portability would make tokenized equities more useful. He also said Robinhood’s Stock Tokens now cover more than 190 U.S. equities across more than 120 countries, though the product still represents a small share of the broader tokenized equity market.

Brian Armstrong said in a post on X that he welcomes progress by Paul S. Atkins and the U.S. Securities and Exchange Commission on token classification, calling it a long-awaited step toward modernizing the financial system. Armstrong said he has pushed for clear crypto rules for years and argued that token classification is a measure the United States needs to preserve innovation. He also said he is looking for the SEC to release an Innovation Exemption to support on-chain trading of tokenized stocks. Armstrong added that momentum is building and said the CLARITY Act should be advanced as quickly as possible so markets can move on-chain before other regions get there first.

The Securities and Exchange Commission proposed Regulation Crypto Assets on Aug. 18, outlining a framework that would let token issuers raise as much as $75 million a year without registering the offering. The proposal also includes a startup exemption, a fundraising exemption with two tiers, and a separate safe harbor that could remove some tokens from the definition of a security. SEC Chair Paul Atkins said the rule would give crypto entrepreneurs and market participants clear paths to raise capital under federal securities laws. Under the proposal, startup issuers could raise up to $5 million over as long as four years, with public filings at the beginning and end of the period. The fundraising exemption is split into $20 million and $75 million tiers per 12-month period, with Tier 2 issuers required to submit audited financial statements and ongoing reports modeled on Regulation A. The safe harbor would apply once an issuer has completed or permanently ceased the essential managerial efforts promised under an investment contract, stops making new representations about those efforts, and files a public certification with supporting analysis. The Commission also said state registration requirements would be preempted for primary offerings under the rule and for certain secondary transactions by non-issuers, provided federal requirements continue to be met. The release came after the SEC canceled an Aug. 14 open meeting that had been scheduled to consider the rules. Comments are due 60 days after publication in the Federal Register. At the time of publication, Bitcoin traded at $64,138, up 0.8% on the day, while total crypto market capitalization stood at $2.29 trillion.

The U.S. Securities and Exchange Commission on Tuesday proposed a new framework that would let some crypto projects raise funds without going through full securities registration. The draft "Crypto Asset Regulation" sets out two exemptions: one for projects raising up to $5 million over four years, and another for issuers raising up to $75 million in any 12-month period. In both cases, issuers would still need to provide disclosures, submit financial statements, and continue ongoing reporting where required. The proposal also keeps federal anti-fraud and anti-manipulation rules in force, rather than carving crypto offerings out of those standards. Another piece of the draft is a conditional safe harbor that would allow an issuer, if SEC conditions are met, to separate a crypto asset from the investment contract tied to its issuance. SEC Commissioner Hester Peirce said the exemptions would not apply to every kind of crypto project and that the commission would refine the rules as the market changes. The proposal moved forward days after the SEC canceled a related meeting last week, citing "unforeseen scheduling issues," according to Decrypt.

The U.S. Securities and Exchange Commission has proposed a new framework for crypto asset offerings, moving ahead with agency rulemaking while Congress remains stuck on broader legislation. The proposal, called Regulation Crypto Assets, is designed to give token issuers a path to raise funds in the United States without violating securities laws. It creates two exemptions under the Securities Act of 1933: a one-time exemption for up to $5 million raised over four years, and another for up to $75 million in any 12-month period, with the larger route requiring financial statements and ongoing reporting. Both exemptions would require narrative disclosures describing the business and its risks. The proposal also includes a conditional safe harbor. Under that approach, once an issuer completes — or permanently abandons — the managerial work it promised, the token would no longer be treated as subject to an investment contract and would fall outside the definition of a security. SEC Chairman Paul Atkins said the move would help bring crypto market innovation onshore and give entrepreneurs clearer fundraising routes while Congress works on a lasting framework. Meanwhile, the Clarity Act, which some pro-crypto lawmakers had hoped to pass before the August recess, has been pushed to September after Democrats objected to the latest draft.

The U.S. Securities and Exchange Commission has formally proposed Regulation Crypto Assets, a new framework for fundraising involving crypto assets in the United States, according to a post on X cited by ChainCatcher from a Fox Business crypto reporter. The proposal would allow certain issuances to proceed without SEC registration if total proceeds do not exceed $5 million over four years or $75 million in a single year. It also introduces a conditional safe harbor for crypto assets once the issuer’s key managerial efforts have ended. In addition, covered offerings would be exempt from some state-level securities registration requirements. The proposal has now entered a 60-day public comment period.

Federal prosecutors in the Southern District of New York are asking a court to deny former Celsius CEO Alex Mashinsky’s attempt to vacate his conviction and 12-year prison sentence, arguing that his claims lack merit and do not justify a hearing. In a Friday filing, SDNY Attorney James McDonald and Assistant US Attorney Allison Nichols pushed back on Mashinsky’s allegations, including his claim that he received ineffective assistance of counsel. Mashinsky, who told the court in May that he would proceed pro se, has been trying to overturn the conviction tied to fraud and market manipulation at the now-bankrupt crypto lender Celsius. Mashinsky was sentenced in May 2025 to 144 months in prison after pleading guilty to commodities fraud and securities fraud involving what prosecutors described as manipulative and deceptive conduct at Celsius. His former colleague, ex-chief revenue officer Roni Cohen-Pavon, was sentenced to time served after providing what the government called substantial assistance. Mashinsky was also ordered to forfeit $48 million and agreed to pay $10 million in a separate settlement with the US Federal Trade Commission. Separate regulatory matters remain active: the Commodity Futures Trading Commission permanently banned him from covered commodities markets in June, while the Securities and Exchange Commission said on July 30 that settlement talks in its civil case against him were ongoing.