Tagged: hester peirce

SEC Commissioners Peirce and Roisman Criticize Chair Gensler’s Regulatory Agenda While Pointing to Missing Digital Asset Rules

Following the revelation of the regulatory agenda for the Securities and Exchange Commission (SEC) under the leadership of Chair Gary Gensler, two Commissioners have issued a statement criticizing the list of rules and regulations the Commission is expected to tackle in the coming months. Additionally,… Read More

SEC Commissioner Peirce Touts Ways to Improve Access to Capital Including Clarity Regarding Finders, an Update to Accredited Investors and a Micro-Exemption

Earlier today the SEC Small Business Capital Formation Advisory Committee held a meeting on facilitating access to capital to underserved segments of the country. As most people understand, small businesses and entrepreneurs drive the majority of job growth and wealth creation. While policies that encourage… Read More

SEC Commissioner Peirce Pitches Token Safe Harbor Proposal Version 2.0

SEC Commissioner Hester Peirce has posted an update to her Token Safe Habor proposal. Back in February 2020, Commissioner Peirce revealed her proposal in an effort to create a regulatory environment that supported Fintech innovation while acknowledging the unique characteristics of digital assets. Since the… Read More

Cryptoassets: Hey Teachers, Don’t Leave Us Kids Alone

CryptoUK issued a clarion call to the Financial Conduct Authority (FCA), the UK financial and anti-money laundering (AML) regulator, demanding that FCA grant licenses as prescribed by AML rules.  Too many applications have gone unanswered since those rules came into effect over one year ago. … Read More

Are NFTs the New ICO? Could NFTs be Deemed Securities? A Top Digital Asset Attorney Explains

It is hard not to know something about the booming Non-Fungible Token or NFT market. Following Beeple’s sale of a digital work of art “Everydays—The First 5000 Days,” auctioned by Christie’s for a whopping $69 million, NFTs officially became a “thing” with non-stop coverage on… Read More

Crowdfund Insider Partners with Draper Goren Holm’s Security Token Summit to Educate Masses on Digital Securities

Draper Goren Holm, a venture capital firm in the digital asset/blockchain sector, is once again hosting the Security Token Summit taking place this month (March 25). The Summit is said to be the largest gathering of digital securities experts in existence seeking to educate and… Read More

Where’s the Feedback? Commissioner Hester Peirce Wants More Comments for SEC’s Query on Digital Asset Custody

SEC Commissioner Hester Peirce nudged the crypto crowd a bit this week pointing out that feedback on the SEC’s request for comments on digital asset custody is paltry at best. Commissioner Peirce has long been noted for her support of innovation in financial services and… Read More

US SEC Is Actively Looking at Stablecoins, and May Closely Examine Decentralized Finance or DeFi Platforms

The US Securities and Exchange Commission (SEC) confirmed that it will be actively looking at stablecoins which are digital assets pegged 1-to-1 with major world currencies such as the US dollar, British pound, the Euro, the Singapore dollar, among many others. Nisa Amoils, a securities… Read More

SEC Commissioner Peirce Disagrees with Portion of Wireline Settlement Regarding SAFT

Earlier today, the Securities and Exchange Commission (SEC) posted a settlement pertaining to Wireline and a SAFT offering that took place in 2018. According to the complaint, the SEC states that: “… between January and September 2018, Wireline, an early-stage project focused on the development… Read More

The Five Biggest Crowdfunding Stories of 2020

Online capital formation has emerged as an effective path for private companies to raise much-needed growth capital fueling innovation and creating jobs. Once the realm of VCs and angel investors only, investment crowdfunding now enables retail investors to access promising young firms at an early… Read More

Commissioner Elad Roisman to Become Acting Chairman of the SEC

Jay Clayton officially stepped down as the Chairman of the Securities and Exchange Commission on December 23rd. His departure had been previously announced and anticipated for this month. In a letter sent to President Trump, Clayton said it had been the honor and privilege of… Read More

Ethereum Gaining Interest as Institutional Asset Class as Decentralized Finance Gets Boost with Bitcoin focused DeFi Platform: Report

Ethereum (ETH), the world’s largest smart contract platform, and major decentralized finance (DeFi) assets have dropped during the past week. However, DeFi-related infrastructure is getting a boost from Bitcoin (BTC), according to a report from OKCoin. During the last week, top DeFi platforms such as… Read More

SEC Small Business Capital Formation Advisory Committee Prepares Recommendations on Finders

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee met this week to discuss the topic of “Finders.” A Finder is an individual who helps a small business find investors and may be paid a fee for this service. Under existing rules,… Read More

A Major Turning Point for Private Capital Markets in America

Today marked a major turning point for the private capital markets in America.  While most of the country is squarely focused on the election, the SEC quietly passed dramatic improvements to securities laws for startups, small businesses and investors everywhere.  The SEC’s actions today signified,… Read More

The SEC Updates Reg CF, Reg A+ and More. Boosts Reg CF to $5 Million, Reg A+ Increased to $75 Million

During an open meeting of the Securities and Exchange Commission (SEC), the Commission approved updates to the exempt offering ecosystem that are designed to improve access to capital, boost access to greater opportunity for investors while maintaining important investor protection criteria. In a party-line vote,… Read More

SEC Proposes Exemption for Finders as it Seeks to Assist Small Businesses in Need of Capital

A Longstanding Grey Area Today at an open meeting, the Securities and Exchange Commission (SEC) proposed an update to rules pertaining to “Finders” –  individuals or firms that help smaller businesses find investors. The potential change will subject these individuals or firms to reduced regulation… Read More

SEC Commissioner Hester Peirce Comes to the Defense of Unikrn and ICO Settlement

Earlier today, the Securities and Exchange Commission (SEC) announced a settlement with Unikrn, a digital asset issuer that was deemed to have transgressed securities law in the offering of an unregistered security via an initial coin offering (ICO). Unikrn agreed to pay a $6.1 million… Read More

SEC Broadens Definition of Accredited Investor to Include Certain Sophistication Measures

As widely anticipated, the Securities and Exchange Commission (SEC) updated the definition of an Accredited Investor expanding the rule by adding certain sophistication criteria. The current definition defines an individual who earns over $200,000 a year ($300,000 if married) as accredited. If an individual has… Read More

SEC Commissioner Hester Peirce Begins Second Term While Caroline A. Crenshaw Begins First Term as New Commissioner

The Securities and Exchange Commission (SEC) has announced that Caroline A. Crenshaw and Hester M. Peirce have been sworn into office as SEC commissioners. Commissioner Peirce is commencing her second term as a Commissioner while Commissioner Crenshaw is beginning her first. Commissioner Crenshaw fills a… Read More

Popular SEC Commissioner Hester Peirce Confirmed by Voice Vote for 5 More Years

SEC Commissioner Hester Peirce, a public official that has long favored Fintech innovation and more specifically the digital asset sector, has been confirmed by the US Senate on a voice vote for another 5 year term. The vote was held yesterday and indicative of a… Read More

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