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Blockstack garners Reg A+ approval, but that doesn't mean it will be a boon for token sales
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Quick Take
- Blockstack is raising more money to build out its blockchain, registering its token under Reg A+ (a first for a crypto project.)
- Despite the qualification allowing it to conduct a security sale, the company doesn’t view Stacks as a security token
- Some industry members are doubtful that the Reg A+ model will benefit crypto companies, since Reg A+ generates more success for companies with an easily understood product
Blockchain startup Blockstack garnered the first Regulation A+ clearance for an initial token offering, but that doesn’t mean other crypto startups should rush to do the same, according to industry experts. The Securities and Exchange Commission (SEC) cleared Blockstack’s $28 million token sale under the Reg A+ framework, which allows companies to conduct an initial […]
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