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SEC Redefines Accredited Investors to Include Those With Proven Knowledge

The U.S. Securities and Exchange Commission (SEC) has amended the definition of accredited investors, such as to include those with proven financial knowledge. The broader definition will enable more people to invest in private offerings of cryptocurrency investments. SEC’s New Accredited Investor Definition The SEC announced Wednesday that it has adopted amendments to the definition of “accredited investor.” The new, broader definition will open up many cryptocurrency investments previously available only to high-net-worth individuals and institutional investors to more buyers. Grayscale Investments’ cryptocurrency products, for example, are available to accredited investors. SEC Chairman Jay Clayton commented: For the first time,…

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