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Circle to Buy SeedInvest to Help Startups Raise Cash With Crypto
Circle Internet Financial Ltd., one of the most valuable U.S. cryptocurrency marketplaces, agreed to acquire crowdfunding firm SeedInvest as it seeks to help startups issue digital tokens and allow its own customers to trade a wider variety of coins.
Highlights:
Mainstream trading platforms have been reluctant to list many assets from so-called initial coin offerings because the tokens could fall under securities rules.
“It’s not just ‘how do we let companies do ICOs?”’ Allaire said. “It’s ‘how do we support the tokenization of everything?”’
Full article: https://www.bloomberg.com/news/articles/2018-10-05/circle-to-buy-seedinvest-to-help-startups-raise-cash-with-crypto
Rep. Davidson Says Cryptocurrencies Need ‘Light Touch’ Regulation
U.S. Rep. Warren Davidson, R-Ohio, said he wants to see “regulatory clarity” in the cryptocurrency market during a discussion with industry experts and lawmakers.
http://www.govtech.com/policy/Lawmaker-Says-Cryptocurrencies-Need-Light-Touch-Regulation.html
Some key takeaways:
(TNS) — U.S. Rep. Warren Davidson said he wants to see “regulatory clarity” in the cryptocurrency market after a discussion with industry experts and lawmakers.
Davidson, R-Ohio, indends to introduce a House bill that would offer what he calls a “light-touch” regulation of the burgeoning and complex cryptocurrency market, which he discussed at Tuesday’s “Legislating Certainty for Cryptocurrencies” roundtable with fellow lawmakers and representatives from nearly 50 from finance firms and cryptocurrency businesses. ...
Davidson said offering regulation will offer foresight — which will solve problems and avoid harm — in an industry where innovations in the cryptocurrency technology blockchain “have outpaced current law and court decisions.”
“With a thoughtful, bipartisan approach that protects consumers, advances free market solutions, and defines safe-harbors for the earliest stage innovators, Congress can send a powerful message around the world that the U.S. is the best destination for ICO markets,” he said.
Europe has become a haven for cryptocurrency companies as they’re locating to regulation-friendly countries, like Malta and Switzerland, which are writing the rules for the industry to operate, according to Bloomberg.com. The market in the United States right now is small, but Davidson said it’s roughly a $500 billion industry where “Bitcoin itself is almost half of that.”
“The Swiss have put a framework in place that is driving capital flows there, so there’s certainty,” he said.
The concern in the United States, Davidson said, is fraud. There’s uncertainty if what these ICOs are going to be securities, or if they are actually commodities.
“We have to protect consumers,” he said.
Fully article:
http://www.govtech.com/policy/Lawmaker-Says-Cryptocurrencies-Need-Light-Touch-Regulation.html
(Opinion: Jeffrey Tucker) Despite What You Hear, The ICO Is Not Over
Some data driven conclusions about the state of the ICO
Collectively, ICOs of 2018 have already raised $11,690,981,663 of investments, which is 10 times bigger than the cumulative sum of investments from ICOs of Q1-2 2017. Excluding EOS, the cumulative amount of funding received from ICOs of Q1-2 2018 is 6.4 times bigger than the one of Q1-2 2017 ....
Read full article on Forbes...
Bitcointalk: The Reddit for Cryptocurrencies (#coinlist article)
An interesting topic posted on CoinList ...
https://coinlist.me/news/bitcointalk-the-reddit-for-cryptocurrencies
SEC Gives #SharesPost Approval For Secondary Trading Of Security Tokens
SharesPost Announces Launch of ATS for Secondary Trading of Security Tokens
SharesPost CEO Greg Brogger said, “This is a landmark moment for SharesPost. SharesPost Financial Corp. is one of the first online marketplaces that can support trading of security tokens in compliance with existing securities laws. We are excited to soon be enabling the more than 50,000 accredited investors registered on the SharesPost platform, who have been investing in leading private technology companies for years, to now also participate in the emerging tokenized securities asset class.”
Full press release:
Also:
SEC Gives SharesPost Approval For Secondary Trading Of Security Tokens
https://www.valuewalk.com/2018/05/sharespost-token-offerings-icos/
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This Crowdfunding ECO "Town Hall" is an open forum for any and all registrants of CfPA's Crowdfunding Ecosystem (ECO) to raise and discuss topics of interest as it relates to
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Ecosystem Community Coordinator, CfPA
