The key players in the crypto community are U.S. The Securities and Exchange Commission recently revised its definition of “recognized investor”. While many responded positively, some say the new rules are not going to be enough.
On August 26, the SEC announced that the definition of accredited investor would now be based on “professional credentials, positions or credentials, or other credentials issued by a recognized educational institution.” Under the old definition, accredited investors are required to have either a net worth of ડો 1 million or a fixed income of at least ,000 200,000 per year.
Among other opportunities in the digital asset ecosystem, this SEC rule has been under scrutiny in the crypto community for some time, as expanding the category opens the way for many to invest in security token offerings.
Many prominent individuals were quick to appreciate the decision Including Gemini co-founder Tyler Winklevos.
S.E.C. To recognize Kudoz, who could be a sophisticated investor just like Penelas Ganzier and Wall Street Boomer. Wealth investment skills are not the same, just look at how the Wall Street “experts” miss out # Bitcoin Rocket Ship. https://t.co/tDpeyfjEQ8
– Tyler Winklevoss (tylerwinklevoss) August 26, 2020
Pormin Insom, founder of Zcoin, said the change would potentially have a positive impact on future security kenkings furings by offering more inclusion. “It will allow additional investors to pour into this essential market, helping small projects get off the ground,” he said.
Robin O’Connell, chief revenue officer at trading platform Upfold, said:
It’s great to see regulators adapt. It allows increased access and access to investments that were previously only given to a few privileged people.
Not everyone was so impressed and some asked the agency to clarify how many investors would meet the new definition, in which it was “based on established and clear measures of financial sovereignty.” In general, financial sovereignty refers to investors with a net net worth and extensive experience in the markets, but the SEC’s use of the term is still unclear.
“They are finally incorporating knowledge and sophistication instead of networth.” Said Bitcoin (BTC) educator Anthony ‘Pompmp’ Pomplino. “This is a step in the right direction but we need even greater access and wider rules.”
Celsius Network CEO Alex Machinsky says:
“Country offer% of the population is excluded from accessing the best innovations offered by this country, so the question now is whether retailers will get recognition from the SEC to do what users are already doing. Continue. “
