A new law might provide blockchain companies a new way to raise funds. On May 22, 2018, the U.S. House of Representatives passed S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act.”  The Senate had passed the bill previously.  The bill now goes to President Trump, who is expected to sign it into law.

Section 508 of the Act directs the Securities and Exchange Commission to amend two rules in Regulation A under the Securities Act of 1933. The amendments allows issuers that are reporting companies under the Securities Exchange Act of 1934 to make so-called Regulation A+ offerings.  Those are offerings of up to $50 million.  This development is potentially significant for smaller reporting companies in the blockchain space because it makes Regulation A a potentially attractive financing alternative to registered public offerings and private placements