Regulation of Crowdfunding on the Horizon?

[havocthecat]

Informational link for those interested, though this is full of legalese and I haven't had a chance to parse my way through more than the first couple of paragraphs yet:

SEC Proposes Crowdfunding Rules

I don't know that these would apply to small, individual crowdfunders, but thought it would be important to keep abreast of changes on the larger scale of crowdfunding as well.

Comments

[pyraxis]

The $1 million cap concerns me. That would exclude some of the larger game projects, like Cyan's Obduction, if I'm understanding it right. I'm also not clear on why there would be a $2k cap for pledges for people whose annual income is under $100k. How is that legal? - don't people have the right to spend money on whatever they want?

Thank you!

[ysabetwordsmith]

I appreciate the news post. This is worrisome.