Issuing digital tokens to the general public just got easier for two tech startups, potentially fueling mini IPOs resembling the once-hot initial coin offering, but with regulation.
The Securities and Exchange Commission on July 10 and 11 approved exemptions from initial public offering registration requirements that allow blockchain company Blockstack PBC and video platform YouNow Inc. to more freely offer their digital tokens to their supporters. The companies are the first crypto issuers to get the power under Regulation A+. The framework aimed at smaller companies lets them raise as much as $50 million over 12 months with less reporting ...