The 402-Page SEC Guidance Nobody's Reading Yet | Ep 28⚖️
Alex and Emily break down the 402-page SEC rules-proposal guidance document that Paul Atkins' SEC dropped today — a direct response to the fundraising side of what should've been in the Clarity Act but got carved out. The headline: a new startup exemption of $5M raised over 4 years with no accredited/non-accredited distinction, and broad expansions to Reg D, Reg CF, and Reg A. Currently in a 60-day comment period post-Federal Register publication.
What's IN the proposal: new $5M/4-year exemption removing the accredited investor gatekeeping wall; expanded Reg A tiers; unrestricted security…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.