SEC proposes Regulation Crypto Assets, a tailored offering regime for crypto investment contracts
The SEC published proposed rules titled Regulation Crypto Assets on August 18, 2026. The proposal would set a capital-raising framework and disclosure requirements for certain crypto asset-related investment contracts, and it would add a conditional safe harbor. It would also address the role of state law and preemption for those transactions.
- Proposed August 18, 2026
- Covers certain crypto asset-related investment contracts
- Conditional safe harbor lets an issuer separate a crypto asset from the investment contract
- Addresses preemption of state law for covered transactions
BTC around the story · hourly24 h reaction ▲ 5.59%
Moves this explains
ETH+17.48%Aug 18 · Rose 17.5%, the largest move in this set, after Treasury said it would at least double long-end buybacks to $4 billion per operation, pushing long-dated yields lower. The rally became a short squeeze that liquidated billions of dollars of shorts.BTC+5.32%Aug 19 · Rose 5.3% as part of a multi-day crypto rally. Coverage links it to the SEC's August 18 proposal for a tailored offering regime for crypto assets and to the Treasury's August 19 decision to at least double long-end buybacks, which pushed yields lower; reports disagree on whether the largest single-day gain fell on August 19 or 20.Source
Mayer BrownAug 18, 2026