SEC Small Business Forum Participants Target Crypto and Crowdfundi

The Securities and Exchange Commission (SEC) has released a report to Congress highlighting policy recommendations for improving capital-raising policy. Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

The recommendations were developed by members of the public and private sectors who participated in the regulator’s 45th Annual Small Business Forum, which was held March 9, the SEC said in a Monday (July 27) press release. The SEC’s Small Business Forum brings together members of the public and private sectors and representatives from the SEC and other federal and state agencies to share ideas on how to improve capital-raising policy. At this year’s event, participants voted on recommendations to prioritize, choosing from those that were submitted by participants ahead of the event or at the event. For early-stage capital raising, the event’s participants voted to prioritize expanding the accredited investor definition to include additional measures of sophistication, modernizing the regulation of crypto assets that are securities, creating a new federal friends-and-family exemption that preempts state blue sky laws, expanding resources available for funding support to small businesses, and revising Regulation Crowdfunding to increase the annual amount a company can raise under the exemption from $5 million to $20 million. SEC Small Business Forum Participants Target Crypto and Crowdfunding Limits Banks Bet on Open AI After OpenAI's Own Hack Shein Discloses US FTC Probe Ahead of Hong Kong IPO OppFi and Enova Bank Deals Put Lending Economics Under Scrutiny