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
El Salvador Becomes the First Country to Adopt Bitcoin as Legal Tender
Blockchain Law Center | (09/09/2021)
SEC Charges Global Crypto Lending Platform in $2 Billion Bitcoin-Related Ponzi-Like Scheme
Blockchain Law Center | (09/08/2021)
SEC Settles Enforcement Action Against Crypto Exchange for Operating as an Unregistered National Securities Exchange
Blockchain Law Center | (08/13/2021)
Crypto Tax Enforcement Update: The New Broker Definition in the Information Reporting Requirement Provision of the Infrastructure Bill Aims to Exclude Node Operators, Miners and Validators
Blockchain Law Center | (08/03/2021)
Senator Warren's Letter to SEC Chair Gensler is a Wake-Up Call
Blockchain Law Center | (07/15/2021)
About Blockchain Law Center
Blockchain technology utilizes a distributed digital ledger to record and track information, and can be leveraged to gain transparency and certainty in transactions ranging from cryptocurrency to supply chain tracking. This blog provides information on the legal developments surrounding implementation of blockchain technology, with an initial focus on the financial services sector.