Tagged: mike flood

July 21, 2025 @ 6:19 pm By JD Alois  |  

The US House of Representatives has approved legislation that will update the definition of an Accredited Investor, a rule that currently disenfranchises the majority of the population from a booming market. The current definition determines who may participate in certain private securities offerings, mainly Reg… Read More

May 20, 2025 @ 6:34 pm By JD Alois  |  

The “Accredited Investor Definition Review Act,” HR 3348, has been approved by the House Financial Services Committee in a 36-16 vote. Representative Bill Huizenga, the bill’s sponsor, outlined its goals in an X. “Accredited investors are currently defined by the SEC based on their income and… Read More

February 2, 2024 @ 1:41 pm By JD Alois  |  

In an X, Congressman Mike Flood revealed a Joint Resolution to revoke the authority of the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin 121. This SAB was enacted in 2022 and impacted the digital asset industry. The SAB addressed the “accounting for obligations to… Read More