Reg D
4 articles
SEC Innovation Exemption and Token Safe Harbor: A Founder's Guide to Regulation Crypto Assets (Updated August 2026)
On August 18, 2026 the Commission proposed Regulation Crypto Assets—402 pages of rule text creating a new 17 C.F.R. part 228, with a $5 million startup exemption, a two-tier fundraising exemption, an investment contract safe harbor, and blue-sky preemption through section 18(b)(3). The proposal has not yet reached the Federal Register, so the 60-day comment clock has not started. What founders can use now, what changed, and where the rule is still exposed.
Who Qualifies for the SEC's Token Startup Exemption and Safe Harbor?
Eligibility for the SEC's proposed token exemptions is a three-gate analysis: classification, pathway, and exit. Run the gates in order and most founders' answer changes from 'wait for the rule' to something they can act on today.
How to Start a Hedge Fund: Structure, Economics, and Regulation
A plain-English walkthrough of every structural decision a first-time hedge fund manager faces—strategy, open-end mechanics, master-feeder, IA registration, performance fees, prime brokerage, and tax—with an interactive calculator that projects the economics for both LPs and the GP.
How to Start a Venture Fund: The Complete Decision Guide
A plain-English walkthrough of every structural decision a first-time venture fund manager faces—entity, economics, regulation, fundraising, and team—with an interactive calculator that projects the economics for both LPs and the GP.
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