The SEC's crypto U-turn 🔄

Days after canceling its meeting on the framework, the SEC proposed rules letting crypto projects raise funds without full securities registration.

📝 What you need to know

The SEC on Tuesday proposed crypto fundraising rules dubbed "Regulation Crypto Assets," reversing course days after abruptly canceling a meeting on the same framework.

The rules would let projects raise capital through token sales without full securities registration, via a startup exemption capped at $5 million over four years and a second allowing up to $75 million annually for issuers providing financial statements. The proposal also floats a safe harbor letting a token "delink" from the investment contract it was sold under.

The timing is notable, since it follows stalled Clarity Act negotiations that dimmed hopes the market-structure bill passes this year. SEC Chair Paul Atkins had signaled, though, the SEC would act on its own if needed. Today’s reversal also comes amid reports that Wall Street group SIFMA weighed a legal challenge against the SEC, if it moved on its own, and the White House sought to postpone last week's meeting.

Bitcoin · BTCAugust 18, 2026
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📊 Myriad Insight of the Day

GPT-6 released by __?
August 4%September 1-15 15%September 16-30 9%72% After September
    
Why it matters
OpenAI's Spud shipped as GPT-5.5 in April, and GPT-5.6 followed in July—point releases, not the generational leap. Astra, the next major model family, is undated, and OpenAI hasn't decided whether it ships as GPT-6 or GPT-5.7, per The Information. That naming call decides this market: only a model labeled GPT-6, or confirmed as GPT-5's successor, qualifies. Traders give a public release by September 30 just 28%.
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