SEC: Proposes Crypto Asset Exemptions

SEC proposed two tailored exemptions from Securities Act of 1933 registration for crypto asset investment contracts, one allowing up to $5 million over four years and another permitting $75 million each 12-month period, both requiring principles-based disclosures while the larger tier adds financial statements and continuous reporting, building directly on the Commission’s March 2026 interpretation of federal securities laws for crypto transactions and BTC markets.