Tagged: legislation

Delaware Law Legalizing Blockchain Stocks Quietly Moving Forward

Earlier this month, the Delaware House of Representatives passed amendments to state law that would make it explicitly legal for stocks to be traded on a blockchain, the technology behind cryptocurrencies like Bitcoin and Ether. According to an article on Coindesk, the amendments relating to… Read More

New & Improved: Reg A+ May Soon Be Available for Publicly Traded Firms

There is a bill circulating in Congress that may dramatically impact Reg A+ utilization – the crowdfunding rule that currently allows issuers to raise up to $50 million in a scaled disclosure environment. Sponsored by House Representatives Kyrsten Sinema and Trey Hollingsworth, the bill (HR… Read More

VentureCrowd: Crowdfunding Will Be Part of Every Startups Capital Raising Stack

VentureCrowd is a multi-asset crowdfunding platform providing early stage, property and “crowd credit” funding in Australia. Currently, VentureCrowd only caters to sophisticated or high net worth individuals.  Each early stage investment listed on its platform has already secured a professional lead investor thus allowing a smaller… Read More

House Approves Financial CHOICE Act, the Dodd-Frank Replacement

Dodd-Frank has proven to be a horrible act of legislation. A reactionary swipe directed towards the financial services industry following the calamity known as the Great Recession, many portions of the law have not yet been fully enacted. The new regulations are simply too convoluted… Read More

Here is the Senate Bill that May Regulate Digital Currencies Targeting “Terrorists, Tax Evaders, Cartels & Crooks”

Senator Chuck Grassley and Senator Diane Feinstein have joined together in drafting legislation that may impact the cryptocurrency world. The Senate Bill, as it stands now, is designed to “strengthens criminal laws against money laundering – a critical source of funding for terrorist organizations, drug… Read More

Online Lending Association Opposes California Legislation to Cap Interest Rates

The Online Lenders Alliance (OLA) has sent a letter to the California Assembly Apparitions Committee stating their “strong opposition” to AB 784.  This bill, if enacted into law, will set a rate cap for consumer loans between $300 and $5000.  OLA states this legislation has… Read More

Guzik Welcome’s Congressman McHenry’s Letter to SEC But Believes More Needs to Be Done

Sam Guzik, a securities attorney and Crowdfund Insider Senior Contributor, has shared his perspective on Congressman Patrick McHenry’s letter to SEC Chair Jay Clayton. Guzik welcomes, McHenry’s requests but believes more needs to be done; “I applaud the unrelenting and tireless efforts of Congressman McHenry… Read More

Congressman Patrick McHenry Asks SEC Chair Jay Clayton to Act & Fix Crowdfunding Rules

Once again, crowdfunding’s white knight rides into action. Congressman Patrick McHenry sent a letter to the newly sworn in Chairman of the U.S. Securities and Exchange Commission Jay Clayton outlining certain provisions of the regulations relating to Title III of the JOBS Act that need… Read More

Is the Fix Crowdfunding Act, as Included in the Financial Choice Act, a Bigger Fix than Intended?

Earlier this month, Crowdfund Insider wrote about the Financial CHOICE Act and the portions that address raising capital online. It is a pretty big piece of legislation at 589 pages and a multitude of subsections. Subtitle P or the “Fix Crowdfunding” appeared to fall short of… Read More

The JOBS Act Turns Five, Regulation A+ Turns Two, Regulation Crowdfunding Turns One: What Should Be Next on the SEC Chair Jay Clayton’s Agenda

With the Jumpstart Our Business Startups (JOBS) Act having just reached its five year milestone, Regulation Crowdfunding hitting its one year milestone, and the two year anniversary of Regulation A(+) fast approaching, I thought this would be a good time to (briefly) reflect on the… Read More

Have the Wheels Fallen Off of Reg CF Crowdfunding?

Crowdfunding, as allowed under Reg CF (created by Title III of the JOBS Act) was designed to improve access to capital for smaller firms in need of funding while providing new investment opportunities for smaller investors. For too many years the little guy has been… Read More

Financial CHOICE Act of 2017 Expected to Include Changes to Jobs Act Exemptions and More

The creation of Representative Jeb Hensarling, the Financial CHOICE Act of 2017 is geared to replace much of Dodd-Frank legislation. Dodd-Frank has become the poster-child for poorly written law that increased cost to financial service firms while increasing the potential of “too big to fail.”… Read More

Try, Try Again. California Crowdfunding Bill Returns to State Legislature

California is perhaps the most natural state to enact an instrastate law to facilitate investment crowdfunding. Yet multiple attempts at crafting bespoke legislation to allow crowdfunding have failed multiple times. Honestly, I have lost count of the number of bills hoisted up the lawmaking flagpole… Read More

Once Again, the SEC Publishes Small Business Forum Report but This Year May Be Different

Earlier this month the Securities and Exchange Commission (SEC) published their annual report pertaining to the yearly SEC Government -Business Forum on Small Business Capital Formation. The gathering is mandated by law and has taken place since 1982. Each and every year a group of… Read More

The JOBS Act Celebrates 5 Year Anniversary

The Jumpstart Our Business Startups or JOBS Act is celebrating its 5th year anniversary. This is the law enacted during the Obama administration that legalized three different iterations of investment crowdfunding. The JOBS Act under Title II enabled Reg D (506c) issuers to “generally solicit”… Read More

Supporting America’s Innovators Act Passes the House of Representatives

The US House of Representatives passed the Supporting America’s Innovators Act (HR 1219) today. The bill received solid backing with a vote of 417 for and 3 against. The bill now moves to the Senate for review. Chief Deputy Whip Patrick McHenry, the Vice Chairman… Read More

Australian MP Ed Husic Attacks Fintech Australia. Fintech Australia Hits Back.

Recently the Australian Senate approved a new investment crowdfunding law (Crowd-sourced funding). The final bill has been a long time in coming as Australia has made several attempts at improving access to capital for smaller firms be allowing issuers to raise capital online. But the… Read More

Congressman Patrick McHenry on Financial Inclusion through Technology

On Monday, March 6, 2017, Congressman Patrick McHenry gave keynote remarks at the Lendit Conference in New York City. Among the themes of his speech, McHenry talked about the need for financial inclusion, citing a statistic that counties with less than 100,000 in population saw… Read More

Fintech Australia Welcomes Approval of Crowdfunding Legislation

Fintech Australia lauded the Australian Parliament’s vote to support the Corporations Amendment (Crowd-Sourced Funding) Bill of 2016. The advocacy group said the approval of the equity crowdfunding law will provide a major avenue for companies to raise capital and create new jobs. Fintech Australia CEO… Read More

Australian Senate Passes Crowdfunding Legislation

As expected, the Australian Senate has voted on the “Corporations Amendment (Crowd-Sourced Funding) Bill of 2016″. The legislation will legalize equity crowdfunding. The bill was approved with a single amendment altering the cooling off period from 48 hours to 5 days. Australia has attempted to… Read More