US SEC upgrades ‘accredited investors,’ puts financial knowledge first
Cointelegraph
Published Sep 04, 2020 10:25AM ET
Updated Sep 05, 2020 12:20PM ET
The United States Securities and Exchange Commission has made changes to its definition of who qualifies as an “accredited investor,” likely broadening the field of participants for future private equity offerings. According to the commission, this development is the result of years of internal discussions about better ways to balance requirements for investor protection with the need to make America’s investment landscape more inclusive.
Given the SEC’s insistence on regulated crypto token sales, the news could have significant implications for future security token offerings and even widen the pool of those with access to regulated cryptocurrency token sales.
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Written By: Cointelegraph
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