Crowdfunding Professional Association (CfPA)
The Crowdfunding Professional Association (CfPA) is a 501 (c)(6) nonprofit trade group that was established shortly after the signing of the Jumpstart Our Business Startup Act ("JOBS Act") on April 5, 2012. The CfPA is dedicated to equitably representing the Crowdfunding industry and supporting the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) during the rule making period while providing the industry with education, professional networking opportunities and the tools necessary to cultivate a balanced and healthy ecosystem that will accelerate capital formation and ensure investor protection. Our mission is to create a strong and viable trade association for this new and emerging industry that supports the development of its members and encourages participation and awareness in crowdfund investing across the globe. The CfPA will help members get connected and stay networked in the Crowdfunding industry through CfPA communications, events and growing benefits. CfPA promotes industry best practices through educational events for all constituents in the crowdfunding ecosystem.
Contributors
Champion of Social Good, The Super Crowd, Inc., a public benefit corporation,
Contacts
Gallery
Highlights
In pursuit of our mission, we will adhere to some key principles: 1) Identify opportunities where the application of ideas, people and capital formation will benefit the organization and society in significant and measurable ways 2) Develop innovative programs leading to practical, sustainable solutions that are widely accepted and implemented globally 3) Partner with others to leverage our resources and capabilities while avoiding the creation of dependency
Q&A
In recent months, investment platform Republic has announced plans to offer “Mirror Tokens” - digital instruments that track the economic performance of private companies such as SpaceX, Anthropic, Epic Games, Ramp, Canva, and Databricks. These tokens, like rSpaceX, do not provide ownership or voting rights, but instead offer a contractual claim tied to future liquidity events (e.g., IPOs or acquisitions). Marketed under Regulation Crowdfunding (Reg CF) with minimum investments starting at $50, Mirror Tokens enable retail investors to gain "exposure" to companies that are typically off-limits. As of early August 2025, Republic has listed 24 Mirror Tokens, with four currently open for reservations - raising pressing questions about how such synthetic products align with Reg CF’s purpose and its framework for investor protections (Crowdfund Insider, Axios).
Industry reporting and analysis offer a mixed yet critical picture:
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ValueTheMarkets emphasizes that while Mi