Can I do a crowdfunded equity raise for my company?

Raising money for a common venture is a regulated as a security sale in the United States. Raising money under a SAFT or selling tokens as a proxy for equity may run afoul of the Securities Act.

This was evidenced by the ICO bubble of 2017 which resulted in a net ban on initial coin offerings for illegal fundraising activities.

See also ICO, regulatory arbitrage, pre-mine and security.


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