These Compliance and Disclosure Interpretations ("C&DIs") comprise interpretations of Regulation Crowdfunding by staff of the Division of Corporation Finance.

Join the CfPA for a special anniversary webinar marking 10 years of Regulation Crowdfunding (Reg CF) a milestone moment to reflect, assess, and look ahead. We’ll begin with “How It Started,” revisiting the early days of Reg CF through the voices of those who helped bring it to life. Hear from Jenny Kassan, a key early advocate who witnessed the journey from policy discussions to the JOBS Act becoming law, and gain insight into the original vision behind regulated investment crowdfunding. Then we’ll turn to “How It’s Going,” with Woodie Neiss of Crowdfund Capital Advisors, who will walk us through a decade of Reg CF market data. This segment will break down what the last 10 years actually look like in numbers, including: -What the last decade of Reg CF actually looks like in numbers -Where it has exceeded expectations -Where it hasn’t lived up to its promise -And what those gaps imply for founders, investors, and policymakers We’ll close with an interactive audience Q&A and a forward-looking discussion on what the next 10 years of Reg CF could and should look like.

CEO Brian Armstrong’s move to pull support for a Clarity Act draft risks alienating key political allies.

January 15, 2026 – To reduce the financial barriers for early-stage entrepreneurs using crowdfunding while still maintaining investor confidence and market integrity, Senators Dave McCormick (R-PA) and Andy Kim (D-NJ) today introduced the Amendment for Crowdfunding Capital Enhancement and Small-business Support (ACCESS) Act.

CineBlock, a U.S.-based financial technology company, has launched CineBlock Films™, its SEC-approved investment marketplace, this month. Chief Legal Officer, Julian Haffner, is a recent addition to the CfPA board of directors.

The bipartisan ACCESS Act would delay accounting requirements until companies hit $250,000.

A free webinar featuring Brian Belley incoming President of CfPA, sharing insights on Vision for the Industry and the Association for 2026. On Dec 17, at 02:00 PM ET. Brian Belley is an aerospace engineer turned tech entrepreneur with a keen eye for innovative financing in the startup ecosystem. As the founder of Crowdwise and VentureWallet, which were acquired by Kingscrowd in 2021, Brian now serves as Kingscrowd’s CTO. With over 220 personal angel investments under his belt (Reg CF, Reg A+, and Reg D), he's deeply entrenched in the regulated investment crowdfunding landscape, offering invaluable insights to both startups and investors. Drawing from his diverse experiences - from leading engineering teams at BAE Systems to founding multiple ventures - Brian brings a unique perspective to the evolving world of business finance.

In an industry historically closed off to everyday investors, Davonne Reaves, a former hotel front desk agent who became one of the youngest Black women in the United States to co-own a major hotel franchise, is making real estate ownership—especially hotel ownership—more accessible than ever. Her journey—from front desk to fintech founder—has become a blueprint for breaking barriers in commercial real estate ownership.

DealMaker raises $20 million to expand its retail capital platform, aiming to give founders more control by turning customers into early-stage investors.