Note that the process of reforming equity fundraising began at least ten years ago as the JOBS Act was drafted. Powerful financial lobbying watered down provis

Note that the process of reforming equity fundraising began at least ten years ago as the JOBS Act was drafted. Powerful financial lobbying watered down provisions, such as the designation of accredited investor and anything else that would enable a viable crowdfunding marketplace to exist. After TEN YEARS, across several political administrations controlled by both political parties, this change finally takes a baby step forward. It's still not democratizing access to private investment. The reasons for this remain the same: those who control the flow of capital demand it.