Under the SEC's New Rules, Can the Crypto Industry Learn to Create Assets Again?

Original Author | Meng Yan

Compiled by | WuBlockchain

Original Link：

孟岩-Mike Meng@myanTokenGeek

SEC 建议的监管新规其实很重要，但是好像讨论的不多。我来解读一下。 https://t.co/5hF7Lsg5bT

2:33 AM · Aug 19, 2026 · 25.5K Views

68 Replies · 20 Reposts · 86 Likes

Disclaimer: This article is republished content. Readers may refer to the original link for more information. If the author has any objections to the form of republication, please contact us, and we will make modifications as requested. This republication is for informational purposes only. It does not constitute investment advice or represent the views or position of WuBlockchain.

The full article is as follows:

The SEC has just released a key proposal, Regulation Crypto Assets. This is not a statement of principles, but a comprehensive set of specific rules intended to answer one question: How should a crypto project legally raise funds, grow from zero to one, and ultimately move beyond the scope of securities regulation?

I quickly reviewed the fact sheet published on the SEC’s website and summarized its main provisions, along with my comments, as follows:

I. Main Provisions of the Proposal

At the heart of the proposal are two exemptions and one safe harbor. First, the startup exemption allows projects to raise up to $5 million over a four-year period. Second, the fundraising exemption has two tiers: Tier 1 allows up to $20 million to be raised within 12 months, while Tier 2 allows up to $75 million within 12 months. Third, under the investment contract safe harbor, once a project satisfies the relevant conditions, the SEC will determine that its token no longer constitutes an investment contract, fully removing it from the scope of securities laws.