Projects must provide audited financial statements and follow ongoing reporting requirements. Unlike the $5M startup exemption (using simple whitepaper disclosure), the $75M path is sized for Series B and C-stage crypto firms with proven revenue or clear business metrics.
When Regulation Crypto was first proposed in spring 2026, the Crypto 10 index jumped 12% and major crypto-native public companies hit multi-year highs, signaling investor confidence that U.S. regulatory clarity would repatriate offshore venture activity.
Crypto projects have historically raised capital in Hong Kong, Dubai, and Singapore to avoid U.S. securities laws. The $75M exemption removes that barrier, potentially bringing billions in venture funding back onshore and reducing dependence on overseas jurisdictions.
Today's vote opens a two- to three-month public comment window. Industry stakeholders—exchanges, issuers, venture funds, and consumer advocates—will submit feedback before the SEC finalizes the rule, likely in late 2026 or early 2027.
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