4 ms·
well if crowdfunding can get OK'd ..... why not crypto? https://www.sec.gov/news/pressrelease/2015-249.html https://www.sec.gov/news/pressrelease/2015-249.htm
by benmowa 9y ago
well if crowdfunding can get OK'd ..... why not crypto?
https://www.sec.gov/news/pressrelease/2015-249.html https://www.sec.gov/news/pressrelease/2015-249.html
- ringaroundthetx 9y agoCrowdfunding was OK'd by Congress in the financial reform bill of 2010 and the JOBS act of 2012, it took the SEC 3 additional years of dragging their feet to be forced to be "okay" with it, and the SEC introduced many compromises which makes crowdfunding under those regulations to be dead-on-arrival with the 1 million usd limit and similar costs as other kinds of fund raising. Despite that, understand that crypto enjoys no such luxury from Congress, and what we are talking about here has nothing to do with crowdfunding via crypto like the ICOs, but instead digital commodity trust ETFs
- sova 9y agoEstablishing giants in the bitcoinosphere, effectively?
- ringaroundthetx 9y agoyes, they've brought this on themselves. there is a vast conscience of ideas and an even vaster risk taking public, that has been shut out of the markets for reasons such as lacking pedigree or preexisting wealth.