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SEC has raised the maximum limit on small- and medium-sized businesses that can raise via token sales and other securities offerings.
On Nov 2nd Commissioner Hester M. Peirce discussed the new fundraising limits as a part if SEC open meeting, in a meeting she discussed regulation crowdfunding limits will be raised from $1.07 million to $5 million, while Tier 2 Regulation A limits will be raised from $50 million to $75 million. Rule 504 offering limits will be raised from $5 million to $10 million.
She emphasized that the changes are intended to streamline the regulatory compliance process. By simplifying rules and reducing costs, those changes should create a “pipeline” of companies that plan to go public or raise funds.
These policies apply to all companies that sell securities, but the rule will benefit crypto startups that are eligible for the relevant exemptions.
The SEC is also opening up cryptocurrency fundraising in other ways. In August, it expanded the definition of accredited investors. A safe harbor proposal that will specifically benefit crypto startups is also under consideration. These improvements could make it easier for companies and investors alike to participate in ICOs.
https://www.coinmarketrade.com/news/sec-raises-fundraising-limits-for-crypto-startups-and-small-businesses-crypto-briefing/
