Crypto Consolidates With Crowdfunding

Even as evidence grows as to the unreliability of cryptocurrencies, legitimate players are consolidating their positions in the industry.

Goldman Sachs-backed Circle, a cryptocurrency platform has acquired crowdfunding platform SeedInvest.

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SeedInvest is reported to be the largest crowdfunding site in the US, with over 200,000 investors and “triple digit annual growth.”

Circle became the first to introduce the USDC, a cryptocurrency pegged to the U.S. dollar. It also facilitates crypto trading and payments, aiming to be securities regulation compliant.

https://coingeek.com/goldman-sachs-backed-circle-buys-seedinvest/

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, balance, Banking, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Legislative Intent, SEC, technology, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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