SEC crypto asset rules set disclosure, safe harbor framework

The US Securities and Exchange Commission (SEC) has proposed new rules called 'Regulation Crypto Assets' to create a tailored offering regime for certain investment contracts involving crypto assets, building on its March 2026 interpretation of how federal securities laws apply to crypto. The proposal addresses the mismatch where existing SEC disclosure rules designed for traditional securities like stocks and bonds lead crypto issuers to disclose irrelevant information while omitting details that matter to token buyers, such as network security, token supply, and governance. Comments on the proposal remain open for 60 days after it is published in the Federal Register.