The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee has released the agenda for its next virtual meeting on Feb. 10, which will look into small business investment issues.
The Committee provides advice and recommendations to the Commission on rules and policy matters about small businesses.
The meeting will reportedly look into the impact of updates to financial thresholds in the accredited investor definition — a subject included in the recent rulemaking agenda.
In addition, the meeting will examine how that definition impacts opportunities to raise capital for early stage companies that raise capital in the exempt markets. Members will listen to speakers who work with underrepresented entrepreneurs and investors on their opinions of the current definition.
The Committee will also get updates from the SEC Office of the Advocate for Small Business Capital Formation on the recently-released educational resources on the SEC’s new Capital Raising hub, which aims to empower entrepreneurs on decision-making and make capital raising rules more accessible.
In related news, SEC Commissioner Hester Peirce recently said that amending the definition of “exchange,” as defined by the Securities Exchange Act of 1934, could create more regulations for digital currency.
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Read more: SEC Commissioner Peirce Says Proposed Rule on Exchanges Could Hurt Digital Currency
“The proposal includes very expansive language, which, together with the chair’s apparent interest in regulating all things crypto, suggests that it could be used to regulate crypto platforms,” Peirce told Bloomberg at the time. “The proposal could reach more types of trading mechanisms, including potentially DeFi protocols.”
While a PYMNTS search of the 654-page policy didn’t find the term cryptocurrency, decentralized finance or digital assets, it says the SEC wants to amend a rule defining some terms in the definition of “exchange.”
They’ll now include “systems that offer the use of non-firm trading interest and communication protocols to bring together buyers and sellers of securities.”
