The SEC is reaching the final stretch. Commission head Paul Atkins stated that the Reg Crypto project is already undergoing final approval at the White House and may soon be published.
This is an important moment. This is the first attempt to create systematic rules for the crypto market, rather than scattered clarifications.
Token Issuance at the Center of Attention
The new set of rules will be based on the Securities Act of 1933. The main focus is fundraising, exemptions for startups, and the boundaries between tokens that fall under regulation and those that are not considered securities.
This is where the market has faced the most uncertainty. Projects launched tokens, raised funds, and then faced claims after the fact.
The SEC is trying to change this order. The goal is to set the rules in advance.
Startups May Get Room to Grow
According to Atkins, Reg Crypto will include mechanisms that allow projects to develop without immediately falling under strict regulation.
This refers to special exemptions and flexible regimes for launching and testing products. This could be a key change. If the model works, the market will get a clearer path from idea to scaling.
Not Only for New Players
The SEC specifically emphasizes that it does not want to create a bias in favor of startups. The new rules should work for all participants, including large companies.
This is an important signal. The regulator is trying to move away from an approach where the market is divided into ‘approved’ and ‘questionable’ projects. Instead, a single framework is proposed in which experimentation is possible.
Experimental Regime Being Prepared in Parallel
Separately, the SEC plans to launch the so-called innovation exemption. It will allow participants to test new models within set conditions.
The commission wants to get feedback from the market and see how such mechanisms work in practice. In fact, this is about two levels of regulation: basic rules and space for experimentation.
Politics Remains an Important Factor
Atkins directly pointed to the influence of the 2026 elections. According to him, congressional support remains important, even though the SEC has already made progress in developing the rules.
This means one thing: crypto regulation in the US is now directly linked to the political agenda. Any changes in the composition of Congress may affect the further development of the initiative.
Why This Could Change the Market
Until now, regulation in the US has looked fragmented. There have been court disputes, separate decisions, and constant uncertainty.
Reg Crypto could be an attempt to bring everything into a single system. If the rules are clear and applicable, this will reduce risks for projects and simplify the work of institutional players. If not, the market will remain in the same mode.
What’s Next?
After publication, the discussion phase will begin. This is what will show how well the proposed model meets the market’s expectations.
The main question is whether the SEC can find a balance: give the market freedom to develop while maintaining control. The answer will determine whether Reg Crypto becomes a new foundation for the industry or another controversial initiative.
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