The SEC is proposing new rules for the issuance of crypto assets that would increase capital raising in the sector.

The agency is considering a “startup exemption” that would free offerings of up to $5 million from Securities Act registration requirements for four years. This law is aimed at combating fraud and requires additional reporting. The SEC proposal also includes exemptions for fundraising of up to $75 million per year.

In addition, it proposes creating clear conditions that would make it possible to determine that an asset is not a security. SEC and CFTC rules are becoming more important amid delays in the passage of the Clarity Act crypto market structure bill. According to Polymarket, the probability of it being passed in 2026 is 21%.