Apparently it does. http://mashable.com/2015/03/25/equity-crowdfunding-sec-vote/
This means we can change our whole strategy and do equity crowd funding. Bitshares could allow us to own real companies through crowd funding. I also wonder what this will do for Swarm.co? Their price should go way up on this news.
It means we can do distributed technology funds legally now.
http://www.sec.gov/news/pressrelease/2015-49.html#.VRNgTUZec0r
"All individuals are now free to participate but can only invest up to 10% of their net worth."
"Stock offerings open to crowdfunding will still need to be "qualified" by the SEC"
"Online equity platforms will still need to be registered with the SEC as "broker-dealers," which means they will be regulated financial institutions"
http://mashable.com/2015/03/25/equity-crowdfunding-sec-vote/
http://www.sec.gov/news/pressrelease/2015-49.html#.VRNgTUZec0r
Gentlemen, start your engines...(https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTVRZdCxvWgIzSfFRMqWgCNvgDBMywUy35ZEhwiUlbpeqqJV-maPg)(http://i.gyazo.com/a004b30d442cdf812c00aa38586a6959.png)
http://www.sec.gov/news/pressrelease/2015-49.html#.VRNgTUZec0r
Gentlemen, start your engines...(https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTVRZdCxvWgIzSfFRMqWgCNvgDBMywUy35ZEhwiUlbpeqqJV-maPg)(http://i.gyazo.com/a004b30d442cdf812c00aa38586a6959.png)
If I may suggest something: noone associated with development or the public facing side of Bitshares should ever comment or even hint at the share price. It's unprofessional and will always come back to hunt you.
"All individuals are now free to participate but can only invest up to 10% of their net worth."
"Stock offerings open to crowdfunding will still need to be "qualified" by the SEC"
"Online equity platforms will still need to be registered with the SEC as "broker-dealers," which means they will be regulated financial institutions"
http://mashable.com/2015/03/25/equity-crowdfunding-sec-vote/
"All individuals are now free to participate but can only invest up to 10% of their net worth."
"Stock offerings open to crowdfunding will still need to be "qualified" by the SEC"
"Online equity platforms will still need to be registered with the SEC as "broker-dealers," which means they will be regulated financial institutions"
http://mashable.com/2015/03/25/equity-crowdfunding-sec-vote/
Well that's interesting.. it's certainly not the freeforall that people would expect.. these are very similar parameters actually to what has been done in Canada in regards to crowdfunding.. I just hope people get really educated on what the parameters are before they go off and do stuff and get fined into oblivion.
This is good news though! Always good when grey areas in regulations are filed with certainty. Now investment can move accordingly with less risk.
http://www.sec.gov/news/pressrelease/2015-49.html#.VRNgTUZec0r
Gentlemen, start your engines...(https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcTVRZdCxvWgIzSfFRMqWgCNvgDBMywUy35ZEhwiUlbpeqqJV-maPg)(http://i.gyazo.com/a004b30d442cdf812c00aa38586a6959.png)
(http://images.br.sftcdn.net/br/scrn/60000/60813/300-the-movie-3.jpg)
1) This recent ruling is very good especially for an economy that seems to be facing some headwinds. I like the idea of giving opportunity to non-accredited investors. However we'll see what limits the SEC puts on equity crowdfunding to non-accredited investors. It may be around $1 million.The SEC release said that their would be to tiers for non-accredited crowdfunding: $25 million with limited reporting, and $50 million with expanded reporting. Non-accredited investors can invest up to 10% of their annual salary.
4) I was thinking of starting a project for an unregulated customized exchange on top of the Bitshares blockchain/market engine.. just more like having a new interface UI/UX. Hence it would be something where none of the assets are custodied with the exchange. The more customized exchanges that compete, the better liquidity for the bitShares ecosystem. It's just like having a 3rd party bitShares wallet. This would be a 3rd party bitShares exchange. What are the issues of this on the technical side? If it's possible I'll be looking for developers.. I can help raise the money from VCs, Angels, or accredited investors.. (or now with the recent SEC ruling we can raise money from a buncha people off the streets :P)
Hmmm... yeah I'm not sure how they get the $1 million number I referenced from the article below.. it may be under Title III that is a different section yet to be determined.1) This recent ruling is very good especially for an economy that seems to be facing some headwinds. I like the idea of giving opportunity to non-accredited investors. However we'll see what limits the SEC puts on equity crowdfunding to non-accredited investors. It may be around $1 million.The SEC release said that their would be to tiers for non-accredited crowdfunding: $25 million with limited reporting, and $50 million with expanded reporting. Non-accredited investors can invest up to 10% of their annual salary.
This is a good idea, and I think things like this is where "legitimacy" can happen: using bitshares as the technology to build real business on top. https://blocktrades.us/ is an example of one of the interfaces businesses can access, so if a bitcoin payment processor can connect to their api, then suddenly bitusd is available everywhere.
Technically, it's not that hard - I think you just create UIA and distribute to accounts you control. There is no value in the UIA since the real assets are somewhere else. I don't know what the benefit over just running your own databases is, since the assets will have be custodied in a centralized location. Could you explain it a bit more? I think it's interesting.
You can have UIA's represent tokens and have custody somewhere in the traditional broker-dealer model, but UIA's can also mimic the bitAsset model where you're just creating a derivative such as bitAAPL, bitGOOG etc. You don't really need to custody securities or assets. Essentially bitAssets are Total Return Swap contracts or contracts-for-difference and are non-deliverable, but give you the same effect as holding an asset. [...snip...]
In terms of why I said it would be 'unregulated' is because just like bitAssets there is essentially no custodian for real assets, no central clearing house, & no money transmission. You are essentially just allowing people to create swap contracts p2p. There will be debate and a strong attempt to regulate, but legally governments will have weak grounds. Enforcement will be difficult. In the end regulating code or the blockchain will be futile..... the Blockchain has arrived , and it's a new world everybody.