"Crowdfunding" refers to the practice of raising small amounts of money from large numbers of people in order to fund a business. The internet is an ideal tool for crowdfunding. However, the federal securities laws outlaw crowdfunding. This article highlights language from members on both sides of the political aisle which signals a potential loosening of regulations around crowdfunding.
- Summary by FizzLaw Team
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Is action forthcoming on a crowdfunding exemption to Federal securities laws?