Regulation· ★★★· bullish·

SEC Proposes Overhaul of Accredited Investor Rules

  • —SEC proposes letting investors qualify for private markets via exam, not just income and net worth
  • —DCG says Barry Silbert raised the same idea in 2011 while at SecondMarket
  • —Silbert argued wealth does not guarantee financial literacy
Why it matters: Wider access to private markets could channel more capital into crypto and venture projects.
Source: PANews
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