Wire · operational-macro
NASAA NEWS AND SPEECHES—NASAA urges SEC to withdraw proposed crypto exemptions
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Fusion42 · 28 October 2026 · Fusion42 review
NASAA urges the SEC to withdraw its proposed Regulation Crypto Assets exemptions, arguing the framework lacks retail investor safeguards and exceeds the SEC's authority by preempting state regulations. NASAA recommends stronger disclosure requirements, financial filings via EDGAR, resale restrictions, and limits on issuer types and investor concentration to protect investors and maintain regulatory balance.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You need to rethink your compliance and disclosure plans if you sell crypto to US retail investors as rules may tighten beyond the SEC's proposal. The opportunity to raise funds exempt from registration is at risk, and resale limits might add liquidity constraints.
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1 source · 28 Oct 2026
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