# SEC proposed Regulation Crypto Assets framework > Live situation record from CLSTR: https://clstr.news/situations/sec-proposed-regulation-crypto-assets-framework > Updated: 2026-10-22T02:30:06.000Z. Sources: 25. Developments: 2. The U.S. Securities and Exchange Commission (SEC) concluded its public comment period for the ‘Regulation Crypto Assets’ (Reg CA) proposal. Introduced in August 2026, the framework seeks to establish structured registration exemptions and a conditional safe harbor, Rule 400, to allow tokens to transition away from being classified as investment contracts once essential managerial efforts have ceased. Proposed exemptions include a startup exemption for raising up to $5 million over four years and a tiered fundraising exemption for up to $75 million within 12 months, subject to financial reporting. Industry feedback has been varied. Ripple Labs expressed support, arguing that ‘it is the investment contract, not the crypto asset itself, that is the security’ and advocating for holistic rules to replace current enforcement methods. Other entities, such as Bitwise Asset Management and the Hyperliquid Policy Center, requested refinements regarding secondary market trading, token airdrops, and clearer standards for asset evaluation. ## Timeline ### 2026-10-22: Ripple supports SEC proposed crypto asset regulations Ripple has backed the SEC’s proposed crypto asset regulations, arguing that investment contracts should be distinguished from the underlying tokens to provide regulatory clarity. 3 sources. https://clstr.news/cluster/ripple-supports-sec-proposed-crypto-asset-regulations ### 2026-10-19: SEC Regulation Crypto Assets proposal draws industry feedback The SEC's public comment period for its proposed Regulation Crypto Assets has closed, drawing support from Ripple and requests for refinements from Bitwise and Hyperliquid regarding airdrops and trading. 23 sources. https://clstr.news/cluster/hyperliquid-policy-center-urges-sec-to-refine-crypto-asset-regulations --- Cite as: SEC proposed Regulation Crypto Assets framework. CLSTR, https://clstr.news/situations/sec-proposed-regulation-crypto-assets-framework