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JOBS Act 4.0: Improving the Regulatory Environment for Entrepreneurial Capital Formation

Washington DC the Capital Reflection

Passed with large bipartisan majorities and signed into law by President Obama, the 2012 JOBS Act was a bipartisan achievement of consequence. The JOBS Act substantially improved the laws governing entrepreneurial capital formation and has had a measurable positive impact on entrepreneurial capital formation. But… Read More

Tennessee Follows Wyoming to Become Second State to Recognize DAOs

Nashville Tennessee by Drew Hays Unsplash

Last month, Tennessee became the second state to allow decentralized autonomous organizations (DAOs) to register as LLCs, following pioneer Wyoming. HB2645 and SB2854 provide that the Tennessee Revised Limited Liability Company Act applies to decentralized organizations. The legislation became law on April 20, 2022. Chris… Read More

European Banking Authority Posts Final Standards for Pan-European Crowdfunding Providers

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The European Banking Authority (EBA) has posted the “final technical standards” pertaining to European crowdfunding platforms. The release of the standards has long been anticipated and is affiliated with the European Union enacting pan-European securities crowdfunding rules. New regulatory standards were revealed in November of… Read More

Steve Ehrlich, CEO of Voyager Digital, Comments on Collapsing Crypto & Stock Markets. When Will the Pain End?

Broken BitcoinJPG

The past few weeks have been tough for investors. Both traditional markets and crypto markets have been battered. Expectations for much higher interest rates, aiming to mitigate crushing inflation, means the pain is here to stay – at least for a while. Regarding stock markets,… Read More

FTX Founder Sam Bankman-Fried Takes 7.6% Stake in Robinhood, Shares Rise After Hours

Robinhood

Sam Bankman-Fried, founder and CEO of FTX, has purchased a 7.62% stake, or 56,273,469 shares in Robinhood (NASDAQ:HOOD). Bankman-Fried paid $648,293,886.33 for the shares. The share were purchased at an average price of $11.52/each. The purchase was revealed in a filing with the Securities and… Read More

SEC Chairman Gary Gensler Re-Affirms His View that Most All Digital Assets are Securities

Gary Gensler May 26 2021

“Most crypto tokens are investment contracts under the Supreme Court’s Howey Test.” SEC Chairman Gary Gensler is not wavering from his view that most all crypto assets are securities. Gensler has consistently voiced this belief queueing up expectations for a growing number of enforcement actions… Read More

The Sky is Falling: UST Craters, Crypto Insiders Respond to “Death Spiral”

Train Wreck Demise Collapse Disaster

TerraUSD (UST) has lost its status as a stablecoin as it is now trading at $0.40 $0.35 having dropped to as low as $0.30 in the last 24 hours. UST’s collapse is the hottest story in crypto land as it was, until recently, touted as… Read More

All in on Crypto Enforcement: SEC Beefs Up Crypto Asset and Cyber Unit to Target Digital Asset Transgressions

Boom Exploision Danger Warning

Announced last week, the Securities and Exchange Commission (SEC) revealed its intent to step up its crypto enforcement actions with a newly renamed Crypto Assets and Cyber Unit doubling its headcount. The SEC outlined its reinvigorated mission as targeting digital asset offerings, crypto exchanges, lending… Read More

Financement Participatif France and Bundesverband Crowdfunding Ask the European Commission to Extend Deadline for European Crowdfunding Transition

Time Late Delay Statue

The two largest national securities crowdfunding associations in Europe, Financement Participatif France (FPF) and Bundesverband Crowdfunding e.V. (Germany) have issued a joint statement requesting that the European Commission extends the deadline for the transition to pan-European crowdfunding rules. The request for an extension has been… Read More

OurCrowd Sees Silver Lining During Challenging Market in the World of Global VC Investments

Beach Surfing Sand Tel Aviv Israel

COVID, war, inflation, rising interest rates … the global economy is being hammered from multiple directions right now. After years of calm sailing, a global pandemic marked a dramatic change in markets that have endured a growing list of geopolitical and economic challenges. Like all… Read More

Binance is Now Registered as a Digital Asset Service Provider in France

Colbert Palais Bourbon Paris France

Binance, the largest crypto exchange in the world, is now registered with the French Autorité des Marchés Financiers (AMF) as a digital asset service provider (DASP). According to the AMF, Binance France is registered to offer: Digital assets custody Purchase/sale of digital assets for legal… Read More

SEC Climate Risk Disclosure: What are People Saying About Proposed Rules?

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This past March, Chairman Gary Gensler announced the Securities and Exchange Commission was aiming to require disclosure on climate impact for registered firms. The Fact Sheet may be viewed here. Climate-related information would be required in firms’ registration statements and annual reports, including information about… Read More

SPAC Market Cools in 2022, Meanwhile the SEC Has Proposed New Rules that May Undermine SPACs Further

Securities and Exchange Commission SEC Stop

Last year was a big one for the SPAC [special purpose acquisition company] market. Reportedly, 613 SPAC offerings were floated on an exchange easily topping 420 traditional initial public offerings. Since the beginning of 2022, SPAC offerings have slowed to around 62 so far. SPACs… Read More

French Basketball Team Elan Béarnais Pursues Security Token Offering using Avalanche, Securitize

Champ de Mars Eiffel Tower Paris France

CounterPointe Sports Group (CSG), the new owner of the French basketball club Elan Béarnais is pursuing a security token offering allowing members of the public to purchase economic rights in a deal described as the first of its kind. The Avalanche blockchain will power the… Read More

University of East London Launches Centre of Fintech, Uses Nano for Crypto Transaction at House of Parliament

Colin LeMahieu Ron Kalifa George Coxon

Last week, the University of East London (UEL) launched the Centre of Fintech, a new hub that aims to leverage expertise within the University in research, finance, technology, law, and regulation. The launch was hosted at the Houses of Parliament and included the participation of… Read More

Securities and Finance Experts Worry that SEC’s ESG Requirements will Drive Shareholder Returns Lower, Push Prices Higher and Have a Negative Impact on Labor

Monongahela Power Plant

The Securities and Exchange Commission is currently pursuing new rules under the auspices of ESG: Environmental, Social, and Governance. In March of 2022, SEC Chairman Gary Gensler explained they were aiming to require disclosure for firms on issues such as climate impact. He explained: “The… Read More

Deal Quality: Investing in Crowdfunded Securities – What You Need to Know

Money Cash Computer 5

    A couple of weeks back, CI held a webinar with two investment platforms, Rialto Markets and Republic,  which both sell securities online. The topic of discussion was deal quality and the different types of securities issuers pitch when pursuing an investment crowdfunding offering…. Read More

HCS Pharma Pursues Security Token Offering on EDSX, a Digital Securities Exchange

Open outcry Stock Exchange Computer

French biotech firm HCS Pharma, will be offering pre-IPO securities via a security token offering on the European Digital Assets Exchange or EDSX. EDSX entered the digital security space earlier this month announcing that it had completed all of the necessary requirements to operate as an… Read More

The Definition of “Exchange” and Regulation ATS: Comments on the Proposed Rule Change by SEC and the Impact to Digital Asset Markets

NYSE Digital Markets Wall Street New York City Decentralize

As was noted last week, this past January the Securities and Exchange Commission (SEC) proposed amendments to the Exchange Act and the definition of an Exchange as well as Regulation ATS (Alternative Trading System). While described in relatively benign terms, the language of the proposed… Read More

Reg CF Issuer NYCE Indicates Intent to Trade its Shares on BSTX

NYCE App

NYCE, a real estate investment platform, indicates in a recent filing that it intends to trade on BSTX, a regulated securities exchange. NYCE raised funding via several Reg CF offerings as well as a side-by-side Reg D 506c offering. First, in August 2020, NYCE raised… Read More

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