SEC Changes Rules, making Crypto fund raising easier

In yet another example of US thawing relations with Crypto's the SEC (Securities Exchange Commission) has eased exemption rules making it easier for Crypto enterprises to raise money.  On Monday 11/2/20 the SEC amended rule 504 specifically rule 'A' and 'D' the limit was increased from $5MM to $10MM. "Regulation A is an exemption from public offering registration; it has two offering tiers. Tier 1 is for offerings of up to $20 million in a 12-month period. Currently, Tier 2 is for offerings of up to $50 million in a 12-month period. Regulation Crowdfunding allows eligible companies to offer and sell securities through crowdfunding."

Its not a huge step but it does add to the thaw in progress in the USA stance toward Crypto's.  Is it enough? Well that remains to be seen.

Enjoy the Journey!