Accredited investor laws block most of the US out of technology and other types of early stage risk investing, but as the ICO boom showed, not being allowed to do something doesn’t mean that people don’t want to do it.
The SEC announced prospective changes to those laws that could expand accredited status. In the world of DeFi, a number of different projects including Synthetix (with an assist from Chainlink) and Kyber are looking to more fully decentralized heading into 2020.
The SEC has announced a set of potential modifications to contentious accredited investor rules. https://www.coindesk.com/sec-proposal-would-broaden-accredited-investor-definition
Kyber and Synthetix look to move certain governance functions to DAOs and Synthetix teams up with Chainlink for decentralized price oracles. https://thedefiant.substack.com/p/defi-heavy-weights-synthetix-and
CoinDesk has published its annual most influential list. https://www.coindesk.com/presenting-coindesks-most-influential-2019
Disclosure Read More
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.