SEC Crypto Rules Aim to Bring US Token Fundraising Back Home

Regulation Crypto Assets also proposes a conditional safe harbor from the investment contract definition. The provision focuses on whether an issuer has completed or permanently stopped promised managerial efforts.

Under the proposal, a qualifying crypto asset would no longer be an investment contract once those essential efforts end. The measure targets uncertainty around tokens linked to projects that later become decentralized.

The proposal follows SEC guidance from March 2026, which outlined five digital asset categories. Atkins also wants Congress to pass the

He argues legislation could create rules that future SEC leadership could not easily reverse. Atkins has presented congressional action and SEC rulemaking as parallel routes toward bringing crypto capital back to US markets.