Coinbase CEO Brian Armstrong praises SEC’s proposal for private market access

Before this proposal, accredited investor status was not described here as being available through those two routes, and the new framework would add those qualification methods. What stays the same in these items is that the change is still only a proposal, so the practical rules have not changed yet. (per tokenpost.com)

What remains unknown is whether the SEC will adopt the proposal as written and how broadly the new routes would apply. The items do not say who would ultimately qualify under the new standards or when any final rule would arrive, and that would only become clear if the SEC sets final terms. (per cryptobriefing.com)