What to know:
- SEC Chair Paul Atkins stated the agency is preparing to release specific guidance for digital asset capital formation, including startup exemptions.
- The forthcoming framework, formally known as the “Regulation Crypto Assets” proposal, is currently under review at the White House’s OIRA.
- A public feedback period is expected to follow the administrative review process.
The U.S. Securities and Exchange Commission (SEC), the primary federal regulator of national securities markets, is preparing to issue new regulatory guidelines for digital asset capital formation. Speaking to a crowd on Monday, SEC Chair Paul Atkins stated the agency is “close to putting out” a framework specifically addressing these matters.
The upcoming guidance, formally titled the “Regulation Crypto Assets” proposal and commonly referred to as “Reg Crypto,” aims to resolve persistent “fundraising questions” that have complicated capital allocation for blockchain-based entities. According to Atkins, the framework will specifically clarify fundraising procedures and startup exemptions for digital asset issuers.
The proposal has now advanced beyond the SEC’s internal drafting phase. Atkins confirmed that the regulatory framework is currently at the White House’s Office of Information and Regulatory Affairs (OIRA) for review. This administrative review is a standard procedural step required for significant federal regulations before they can be officially published.
Following the conclusion of the OIRA review, the SEC will open the proposal to public feedback. This development indicates a definitive shift toward formalized rulemaking under Chair Atkins, moving the agency to establish explicit, codified compliance requirements for initial token offerings and blockchain-based capital raises.
The content provided in this article is for informational and educational purposes only. It is not intended to be, and should not be construed as, financial, investment, legal, or tax advice.
