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SEC's crypto fundraising proposal arrives without the trade markets wanted

8/20/2026

A new Securities and Exchange Commission proposal would let crypto projects raise as much as $75 million annually under simplified offering exemptions, with no rule-based lockup on resales.

The case for calling this a structural shift in how crypto capital is raised is legitimate.

What complicates that read is that the SEC stripped the companion rule on tokenized equities from the same release, leaving the mechanism most relevant to institutional positioning in limbo.

Two lanes, one decentralization clock Under the startup exemption, a project could raise up to $5 million over four years with no accredited-investor requirement and no per-investor cap.

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