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View Full Version : States Taking the Initiative in Equity Crowdfunding



SocialCam
06-22-2013, 07:48 AM
Forget the Jobs act. You know the act that Obama signed into law almost a year and a half ago, that the SEC still hasn't set regulations for? Instead individual states are coming up and making their own equity crowdfunding legislature. Georgia and Kansas have done just this, and Washington and North Carolina are close to passing something similar. The problem is that only projects created in a state can take money from people within that state. Sure that's no fun, but if it were to spread across the company perhaps this method of funding will take off. In the meantime everyone else can continue to wait on the SEC to actually wake up.

Full Article:
http://venturebeat.com/2013/06/21/state-crowdfunding-state-banks-will-moot-the-jobs-act/

smartinvestor
06-22-2013, 10:45 AM
As you say, far better though for the country to do it as a whole, rather than in this state by state way. I suppose it's a start though.

SocialCam
06-25-2013, 09:28 PM
Although it's nice to see the states taking charge and offering these options, I feel the real benefit from this is that it will likely push the nation to adopt rules faster. The National government usually doesn't like it when States start making their own rules, and jumping the gun. Hopefully the SEC will get a fire lit under their butts :)