The Marteq Alert
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SEC Updates Fundraising Provision

The United States Securities and Exchange Commission (SEC) on Nov. 2, voted to change the rules of fundraising provision by increasing the limits. Taken in the context of cryptocurrencies and Security Token Offerings (STOs), the changes may benefit cryptocurrency companies looking to raise capital.

Under the new rules, companies can now raise $5 million in total under Regulation Crowdfunding provisions, $75 million under Regulation A, and $10 million under Rule 504 of Regulation D. Other changes include modifications to accredited investor limits and filing.

The changes suggest the crowdfunding process may be quicker and more effective due to less paperwork and greater limits.
CYDigital/'s insight:

Generally speaking, this is positive for startups. For ICOs, there's still the Howey test.


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SEC Commissioner Sees Increasing Demand for Cryptocurrency | Regulation -

SEC Commissioner Sees Increasing Demand for Cryptocurrency | Regulation - | The Marteq Alert |
Crypto-friendly commissioner with the U.S. Securities and Exchange Commission (SEC), Hester Peirce, said there is an increase in demand for cryptocurrency as investors seek to diversify their portfolios. The commissioner has been an avid proponent of the SEC approving bitcoin exchange-traded funds (ETFs).

We’re seeing more interest coming from institutional quarters than we have in the past. I think that will continue … as people are looking to diversify their portfolios, I think people are also likely to look more to the crypto space.‏‏‎

She elaborated, “As people are more comfortable working in a virtual world in every industry now, I think people are likely to turn more interest to the crypto space.” Peirce previously said even before the coronavirus pandemic that one major advantage of the cryptocurrency industry was that it brings together people from across the world and helps them work together virtually. Industry participants don’t have to be in the same place to be working together.
CYDigital/'s insight:

There continues to be a softening in the stance. But movement continues to be glacier-slow. delivers zero party data solutions that significantly reduce digital advertising costs. Learn more: #martech #marketing #adtech

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