What are the criteria set by the SEC to determine if someone is an accredited investor in the cryptocurrency industry?

1 answers

• Mar 22, 2022 · 3 years ago
  When it comes to being an accredited investor in the cryptocurrency industry, the SEC has established specific criteria. These criteria include having a net worth of at least $1 million, excluding the value of your primary residence, or having an annual income of at least $200,000 (or $300,000 for joint income) for the past two years with the expectation of the same income in the current year. Additionally, individuals with certain professional certifications, such as a Series 7, 65, or 82 license, are also considered accredited investors. It's worth noting that these criteria are subject to change, so it's important to stay up-to-date with the latest regulations and consult with a financial advisor or legal professional to ensure compliance.
  752376