Major players in the crypto community have responded to the U.S. Securities and Exchange Commission recently amending its definition of an “accredited investor”. While many gave positive feedback, some say the new rules don’t go far enough.
On Aug. 26 the SEC announced that the accredited investors definition would now be based on “professional certifications, designations or credentials, or other credentials issued by an accredited educational institution.” Under the old definition, accredited investors needed to have either $1 million in net worth or a stable income of at least $200,000 per year.
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