Looks like the SEC is stepping up: The U.S. is preparing to bring crypto fundraising back home On August 18, the SEC officially proposed the *Regulation Crypto Assets*. This is the first time the U.S. is planning to create a separate securities issuance framework for certain investment contracts involving crypto assets. The most direct impact? Two registration exemptions: 1️⃣ One allows projects to raise up to $5 million in a single round over four years. 2️⃣ The other allows up to $75 million in fundraising every 12 months without going through the traditional SEC registration process. The $75 million option isn’t completely hands-off though—issuers still need to provide financial statements and meet ongoing reporting obligations. The real game-changer is the “safe harbor” provision. If a project team has completed or permanently ceased the core management work they initially promised, and meets certain conditions, the crypto assets could be considered no longer bound by the “investment contract” rules. Plus, this framework could even take precedence over some state-level securities registration and qualification requirements. This could truly reshape the fundraising path for U.S. crypto startups. In the past, many projects had to issue tokens first and then wait for the SEC to decide if they broke the law. Now, the SEC is trying to write clear rules about how much can be raised, what needs to be disclosed, and when a token can shed its securities status. Over the past few years, the U.S. pushed a lot of token issuances offshore. But now, the regulatory direction has clearly shifted—it’s no longer about driving crypto out, but about designing a framework that allows it to stay and raise funds in the U.S. For now, it’s still just a proposal stage…