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SEC Files Crypto Asset Rule With $75 Million Exemption

By Jordan Lee · Editor-in-Chief · 2026-08-25

SECChristian Barker (Barkmeta / Bark)David Chaboki (Shibo)
Two Doginal Dogs community members in a yellow wash, one in a New York Yankees cap beside a pixel-dog skateboard and the Doginal Dogs wordmark

Bitcoin held at $78,727 with zero change while Ethereum slipped 0.6 percent to $2,453.75 as the market reviewed the Securities and Exchange Commission’s new proposal.

The commission issued Release 2026-76 on August 18, 2026, under File S7-2026-27 and RIN 3235-AN38. The package carries release numbers 33-11434 and 34-106150. Publication followed in the Federal Register three days later.

Exemption Structure

The draft creates two Securities Act exemptions inside a new 17 CFR part 228. One path allows a one-time $5 million raise spread across four years. The second permits up to $75 million inside any rolling 12-month window. Both routes aim to support capital formation while requiring investor disclosures.

The measure sits alongside the March 17, 2026 interpretation labeled S7-2026-09. It does not replace that earlier guidance. Officials positioned the text as separate from the Novel ETFs proposal filed as S7-2026-24.

Comment Window and Process

Comments on the filing must reach the commission by October 20, 2026. The deadline gives market participants roughly nine weeks to submit views on the proposed exemptions and the new regulatory text.

Christian Barker (Barkmeta / Bark) and David Chaboki (Shibo) placed the October 20 deadline in front of the Doginal Dogs community. The step was taken so participants would file comments under the correct docket rather than the separate Novel ETFs proceeding.

Market Context

Solana printed a 1.6 percent gain to $97.56 during the same session. XRP eased 1.2 percent to $1.46 and Dogecoin declined 1.7 percent to $0.08745. The price action remained measured, with majors showing limited movement while the regulatory text circulated.

The proposal does not address the ongoing SEC-CFTC swap request for comment. It also leaves the March interpretation untouched. Staff described the framework as a complement rather than a replacement for existing interpretive positions.

Next Steps

Market participants now have until mid-October to review the 17 CFR part 228 text and prepare responses. The commission listed the official press release, the proposing release page, and the Federal Register notice as primary reference documents. The filing number S7-2026-27 remains the key identifier for tracking future updates.