US retail investors face rising crypto and private credit risks under new SEC rules by 2026

By December 24, 2025, US regulators under the Trump administration and Paul Atkins' SEC had begun expanding retail access to crypto and private credit, including within retirement plans. New spot crypto ETFs and interval funds are being fast-tracked, with expectations that more than 100 additional crypto ETFs could launch by 2026, raising concerns among advisors that everyday investors may not understand the complex risks and liquidity issues involved.