SEC Modernizes the Accredited Investor Definition

Long overdue Now knowledge in a complex field such as Blockchain and a smaller net worth can be considered as an accredited investor. this is especially good news for Many Founders who use to only be able to raise from friends and family and high net worth individuals. The new amendments allow investors to qualify as accredited investors based on defined measures of professional knowledge, experience or certifications in addition to the existing tests for income or net worth. Now even a consultant or industry expert can invest. closing the Gap between Regulation CF and 506 Reg D types of corporate funding.

https://www.sec.gov/news/press-release/2020-191