I think it’s time to revisit the accredited investor laws in the US.
Companies are staying private longer, where only accredited investors (aka rich people!) can invest. Retail investors can only come in after IPO, when much of the upside has already been captured.
These rules were created with the best of intentions, to protect regular people from scams - a noble idea. Unfortunately, in practice they've often made it illegal to get richer, unless you're already rich. A regressive tax!
We have to judge policies based on their outcomes, not on their intentions.
These are two possible routes I see:
1) Replace the rule with something merit-based, like a financial literacy test. Pass it and you're accredited. Having a qualification based on competency rather than your bank balance or income seems far more fair.
2) Remove the rule entirely. Let consenting adults assess their own risk. Disclosure requirements stay and fraud enforcement stays to punish bad actors.
$OMI is now live on Kraken
Collect, trade, and unlock next-level experiences with $OMI, the token that powers the VeVe digital collectibles ecosystem.
Collect the world's best NFTs → https://t.co/06UNaefw6N
Geographic restrictions apply
Coming soon to Kraken 🎨
$OMI powers where the world collects, fuelling VeVe, the home of premium licensed 3D digital collectibles from the world’s most iconic brands.
Trading starts December 23 at 15:00 UTC
Get ready ⤵️
https://t.co/06UNaefw6N
What happens in Vegas normally stays in Vegas but armed with my trusty camera & an idea for a music video burning a hole in my head, I booked a last minute flight to the @veve_official 5th Birthday celebrations!
My mission was to showcase the incredible people & artists within our very special VeVe Family.
I landed, rolled the dice and of course, the amazing VeVeFam never let me down! 🙏🎲💙🔥5⃣🎂
https://t.co/SA2Zl054GO
Going to be really candid here; some of you may not want or be ready to hear it, but some things just need to be said.
I’ve been in crypto for ~5 years. In that time, I’ve watched so many blockchain and token projects do the same thing: hype up a token, raise a ton of money, then deliver absolutely nothing.
Collect Chain feels different. The team didn’t go raise $100M and promise the moon. They believe in what they’re building, put their own money in, and got to work… and you best believe they are working.
They’re building for the world’s biggest brands and IP to come on chain. They’re securing IP rights for brands while ensuring provenance for collectors, while also expanding the possibilities of digital ownership via interoperability and self custody.
I firmly believe that in the not too distant future, VeVe will be a household name as the go-to place to collect officially licensed premium 3D digital collectibles.
With $OMI powering the ecosystem where the world collects on @CollectChain, there will be no limits to what can be accomplished.
I’m ready. Are you?
Party’s here! 🐢 Michelangelo brings fun, flair, and pizza energy to life. Fun-loving, Fearless, and forever rad.
📅 Dropping 29 Nov, 8 AM PT - only on VeVe! https://t.co/AucSWZjYoG
#TMNT#VeVe#DigitalCollectibles@tmnt