Jared Marx is a renowned attorney at Washington DC law firm named Harris, Wiltshire & Grannis, who has given significant advice to companies operating businesses in the Bitcoin industry. His advice is about SEC’s laws and regulations regarding Bitcoin related regulations where he represents individuals and companies in criminal and civil proceedings.
In the following, we will tell you about what he discusses explaining why a new SEC ruling is a revolutionary boon for companies like ‘Bitcoin 2.0’ and ‘crypto 2.0’ which are currently operating in U.S.A.
The US Securities and Exchange Commission (SEC), on Wednesday, adopted some new regulations where they permitted crowdfunding for starting new businesses.
The new rules which were permitted allow businesses in the current market an opportunity to receive financial support from the best available educated investors. He explained that companies who operate ‘Bitcoin 2.0’ service experience the squidgy definition of new “security” under the US law. The new rules offered do not solve such ambiguity issues, but they provide a great opportunity to those companies by giving them the chance to maintain low-cost harbor for their businesses which basically want to be free from uncertainty.
In addition to these rules, those companies get the facility to make mini-registration with SEC and later, they can sell such securities to the ordinary people all around the globe over internet.
Businesses which pick up such route, for instance, will need different audited monetary statements. Those companies will have to provide some continuing reporting statements to the SEC. There are also some rules which fix the range of amounts you can raise as capital using such ways. This amount varies from $20M to $50M which definitely depends on what type of ‘tier’ of the rule will be used for the continuation of such a procedure in your business.