A Toronto-based auto-lease fintech company just picked up two new licenses in one of the largest car markets in the country. The same week, the SEC proposed the first regulatory framework written specifically for crypto asset offerings in the agency’s history. One company expanding into Texas. One regulator finally writing down rules an entire industry has waited years for.
AmeriTrust Financial Technologies Expands Into Texas as Q2 Lease Originations Jump 205%
AmeriTrust Financial Technologies Inc. (TSXV: AMT; OTCQB: AMTFF) said its subsidiary AmeriTrust Auto received a Texas Dealer License and Texas Lease Facilitators License on August 19. Texas is also where the company’s head office sits. The licenses let AmeriTrust Auto immediately handle lease-related vehicle disposition in the state: early repossessions, vehicles whose payoff exceeds what a dealer wants to pay, relocated customers, disputed lease returns. CEO Jeff Morgan said the model is built to cut downstream collections activity and disputes with the original lessor. More states are planned, each pending its own licensing process.
The license news follows a strong second quarter. Funded lease contract value jumped 205% over Q1. Total revenue rose 62% quarter over quarter and 109% year over year. Lease origination income climbed to $330,515 from $101,985 the prior quarter. AmeriTrust funded 55 lease contracts in Q2, at a weighted average credit score of 737 and a weighted average contract rate of 9.02%. Cash on hand: $36.4 million. Working capital surplus: $24.5 million. Adjusted EBITDA is still a loss, though it narrowed 18% from Q1. Morgan told investors July originations alone were up 38% over June, “reflecting strong dealer demand and continued market momentum.”
SEC Proposes Regulation Crypto Assets, Its First Offering Framework Built for Crypto
The SEC proposed Regulation Crypto Assets on August 18, its first dedicated securities offering framework for crypto tokens. The rule creates two paths around standard registration: a “startup exemption” letting issuers raise up to $5 million over four years, and a “fundraising exemption” allowing up to $75 million in any 12-month period, the larger one conditioned on audited financials and ongoing reporting. A third piece may matter more long-term: a conditional safe harbor letting a token exit “investment contract” status, meaning it stops being treated as a security, once an issuer finishes the managerial work it promised investors.
Comments are open for 60 days once the proposal is published in the Federal Register, a formality that hasn’t happened yet. Commissioner Hester Peirce, who first floated a token safe harbor concept back in 2020, publicly welcomed the proposal the day it dropped. The rule doesn’t touch every crypto company covered in this roundup over the past month. Ionic Digital’s Nasdaq listing and Securitize’s tokenized funds sit under different parts of securities law entirely. But it’s the clearest signal yet that the SEC wants a written rulebook instead of enforcement by lawsuit.
AMT, SEC Regulation Crypto Assets: Forward-Looking FAQ
Federal Register publication triggers a 60-day public comment period, and the SEC can revise the rule based on comments before finalizing it. That process alone typically takes months, so no issuer can rely on the exemptions yet.
The proposal is written around a covered investment contract that hasn’t yet completed its promised managerial efforts, which points toward new and ongoing offerings rather than a blanket fix for tokens already fully decentralized and trading.
Sources
- ACCESS Newswire: AmeriTrust Auto Advances End-to-End Lease Remarketing Strategy, August 19, 2026
- Newsfile Corp: AmeriTrust Announces Second Quarter 2026 Financial Results, August 12, 2026
- SEC.gov: SEC Proposes New Regulation Crypto Assets (Press Release 2026-76), August 18, 2026
- Akin Gump: SEC Proposes Regulation Crypto Assets, A Tailored Offering Framework for Crypto Investment Contracts, August 19, 2026
Editorial Disclosure
Securities discussed: AmeriTrust Financial Technologies Inc. (TSXV: AMT; OTCQB: AMTFF). aktiego.com has not received any compensation from any company mentioned, their management, investor relations representatives, or any third party. No staff member or principal of aktiego.com holds a position in any security mentioned at the time of publication.
AmeriTrust’s Texas licensing news was confirmed effective August 19, 2026, via ACCESS Newswire, and its Q2 2026 financial results are dated August 12, 2026, via Newsfile Corp. AmeriTrust’s market capitalization, cited here as roughly C$270 million as of late July 2026 per third-party market data, is disclosed as a factual data point only; this roundup applies no market-cap threshold or exclusion rule to any company covered. AmeriTrust’s ongoing adjusted EBITDA loss is disclosed alongside its growth metrics so the quarter isn’t represented by the growth figures alone. The single quotation used from CEO Jeff Morgan is drawn from the company’s own August 12, 2026 press release; this is the only quotation used from that source.
The SEC’s Regulation Crypto Assets proposal is discussed for regulatory and industry context. It is a proposed rule only, not yet in effect, and is not a security this roundup evaluates, recommends, or discloses a market capitalization for. The rule was announced August 18, 2026, is sourced directly from SEC.gov, and remains subject to a 60-day public comment period beginning upon Federal Register publication, which had not occurred as of this writing. Readers seeking the complete text and all conditions of the proposal should consult the primary source linked above.
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