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Closer Look at SEC ‘Accredited Investor’ Revamp Suggests Little Will Change

Blockchain and Digital Currency   |   Securities & Investment Companies   |   January 6, 2020

Carlton Fields blockchain attorney Andrew (Drew) Hinkes was quoted in a CoinDesk article about a proposed change to the U.S. Securities and Exchange Commission’s definition of “accredited investors.” Under a new definition, accredited investors could include people who have academic credentials showing their understanding of investment products. Such a change “could have a massive impact” on cryptocurrency investors, but much remains to be seen, Hinkes said.

“For now, it's promising but not yet actionable,” he told CoinDesk.

READ: “Closer Look at SEC ‘Accredited Investor’ Revamp Suggests Little Will Change

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