SEC: Proposes Regulation Crypto Assets Framework

SEC proposed Regulation Crypto Assets today, creating exemptions up to $75M per year and a separate $5M over four years while ending security status for completed investment contracts and preempting state rules. The 60-day comment period follows years of uncertainty after Congress stalled the CLARITY Act, delivering the first concrete federal path for digital asset offerings. BTC and ETH stand to gain from mandatory disclosures and reduced state friction that could reshape U.S. crypto market structure.