Props for the “Reg A” Reality: A lesson in digital asset securities offerings
It pains me to say it, but Open Props’ recent announcement of the coming termination of its ongoing Regulation A (“Reg A”) digital asset securities (Props) offering and the cessation of support for its Props Loyalty Program leads me to one stark conclusion.
Capital Raising Under Regulation CF Just Became (Temporarily) Easier
The temporary final rules are intended to expedite the offering process for small businesses affected by COVID-19 by providing tailored, conditional relief from certain requirements of Reg CF.
The Reg A Gambit
The term “decentralization” can mean many things to many people. For securities lawyers, the subsets of architectural decentralization and political decentralization (distinguished in this article) carry the most weight. Essentially, is the network built so that no small group of nodes can shut it down? Is it built so that no small group of individuals has control over key governance decisions?