Crowdfunding Professional Association (CfPA)
Posts (13)
At the Crowdfunding Professional Association (CfPA), we are proud to represent the voice of the regulated investment crowdfunding industry—a sector that has become a powerful engine for innovation, entrepreneurship, and inclusive economic growth across the United States.
In response to the House Financial Services Committee’s recent request for feedback on capital formation, we submitted a comprehensive letter outlining key reforms urgently needed to modernize Regulation Crowdfunding (Reg CF) and related exemptions. These reforms are critical to ensure that crowdfunding continues to thrive as a competitive, accessible, and transformative force in U.S. capital markets.
Since Reg CF was introduced through the JOBS Act of 2012, it has grown from a bold experiment into a proven success:
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Over 8,500 securities offerings
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$2.2 billion raised from more than 2 million Americans
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$7.5 billion in economic impact
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Nearly 400,000 jobs created
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$80 billion in estim