SEC approves simplification of raising capital through STO

United States Securities and Exchange Commission (SEC) increased the limits of attracting money by companies without registration of avenue, what can simplify the placement of tokens (STO).

According to SEC, Companies can now attract a total $5 Milln in accordance with the provisions of crowdfunding regulations (earlier – $1.07 million), $75 million in accordance with the Regulation A+ (earlier: – $50 million) and $10 million in accordance with the rule 504 Position d (earlier – $5 million).

Increased limits can simplify startups by placing tokens-races without risk of conflict with a regulator. SEC chairman Jay Clayton (Jay Clayton) said, that changes will increase the possibilities of attracting capital for small and medium -sized businesses. Now small companies will be able to attract more money, that will simplify work in the first stages.

SEC has repeatedly settled claims with cryptocurrency companies regarding the collection of funds through the sale of tokens. Recall, that recently the developer of the KIK and SEC software settled
dispute about the unlawfully conducted ICO token kin. Kik will pay a fine in the amount $5 million.

Previously, the regulator put forward
accusations against entrepreneur John Makafi (John McAfee) In that, that he promoted fraudulent ICO. SEC also ordered
Salt Lending offer investors compensation for funds, invested in the primary placement of tokens (ICO) in 2017 year.