Analysis
What the official said
“The proposed rules would be set forth in a new regulation titled “Regulation Crypto Assets” and would include two exemptions from the registration requirements of section 5 of the Securities Act of 1933. The first exemption would permit offerings of up to $5 million during a four-year period. The second exemption would permit offerings of up to $75 million during each 12-month period.”
Claimant: Securities and Exchange Commission Commission
Agency or office: Securities and Exchange Commission
Context
Statement appears in the SEC's Proposed Rule release published in the Federal Register (FR Doc. 2026-17183) proposing 'Regulation Crypto Assets'. This describes the exemptions as part of the proposed (not final) rule.
Evidence
The statement is a direct description of provisions in the SEC's proposed rulemaking. It reports what the proposed regulation would allow if adopted; it does not assert that these exemptions are currently in effect. The proposal is published in the Federal Register and is subject to public comment and potential revision before any final rule is issued.