Tagged: hester peirce

December 26, 2020 @ 2:56 pm By JD Alois  |  

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

December 12, 2020 @ 3:54 pm By Omar Faridi  |  

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

November 11, 2020 @ 3:28 pm By JD Alois  |  

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

November 2, 2020 @ 10:00 pm By Ryan Feit  |  

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

November 2, 2020 @ 12:51 pm By JD Alois  |  

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

October 7, 2020 @ 2:40 pm By JD Alois  |  

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

September 15, 2020 @ 5:32 pm By JD Alois  |  

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

August 26, 2020 @ 11:03 am By JD Alois  |  

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

August 17, 2020 @ 12:07 pm By JD Alois  |  

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

August 7, 2020 @ 6:05 pm By JD Alois  |  

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

July 21, 2020 @ 3:07 pm By JD Alois  |  

What makes something a “distributed ledger or blockchain technology-based” security? SEC Commissioner Hester Peirce has published a speech delivered to the Blockchain Association of Singapore. Unable to attend in person due to COVID-19, Commissioner Peirce visited with the Association virtually, addressing the hot topic of… Read More

April 2, 2020 @ 1:57 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) Small Business Capital Formation Advisory Committee met today in a teleconference to discuss the impact of COVID-19 and small business. In brief, several Committee members expressed the opinion that it is going to be really bad. Martha Legg Miller,… Read More

March 17, 2020 @ 4:07 pm By JD Alois  |  

The North American Securities Administrators Association (NASAA), the entity that lobbies on behalf of state and provincial regulators, is “urging the Securities and Exchange Commission (SEC) not to move forward with its proposal to expand access to high-risk private securities offerings to individual investors.” NASAA… Read More

March 5, 2020 @ 3:27 pm By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) proposed significant changes to the exempt offering framework that should benefit issuers, investors and regulated platforms that facilitate these types of offerings. So far, industry response has been overwhelmingly positive. The proposed amendments will impact Reg CF, Reg… Read More

February 27, 2020 @ 9:06 am By JD Alois  |  

SEC Commissioner Hester Peirce has posted a statement dissenting from the Securities and Exchange Commission’s decision to, once again, decline to allow an exchange-traded product (ETP or ETF) for the world’s most popular cryptocurrency Bitcoin. The Commission denied NYSE Arca’s request to offer a Bitcoin… Read More

February 7, 2020 @ 11:56 am By JD Alois  |  

Yesterday, SEC Commissioner Hester Peirce proposed a new rule for a Safe Harbor for tokens that will not be treated as securities. As Crowdfund Insider has previously reported, the proposed Rule 195 will allow an issuer up to three years to prove the digital asset… Read More

February 7, 2020 @ 7:55 am By JD Alois  |  

Yesterday, Crowdfund Insider reported on a speech delivered by SEC Commissioner Hester Peirce that outlined a safe harbor for digital assets that may not be regulated as securities. In brief, Rule 195, proposed that a token issuer has three years for a digital asset to… Read More

February 6, 2020 @ 1:59 pm By JD Alois  |  

Today, in a speech delivered at an event in Chicago, SEC Commissioner Peirce presented a new proposal in the treatment of digital assets that may not be treated as securities perhaps representing a dramatic shift in the US token offering marketplace. In the US, pretty… Read More

February 6, 2020 @ 12:35 pm By JD Alois  |  

SEC Commissioner Peirce has proposed new rules regarding digital assets that may not be securities upon issuance. The proposal was revealed at a speech in Chicago today. As we understand it, Peirce’s proposal, Rule 195, will “set a course for compliant blockchain projects to innovate… Read More

December 18, 2019 @ 2:23 pm By JD Alois  |  

Today, the Securities and Exchange Commission (SEC) held a public meeting to discuss, and vote on, various rules impacting the securities markets. Included in the meeting was an update to the definition of an accredited investor. Currently, the definition is determined by a wealth metric…. Read More