Crowdfunding regulation in USA

Abstract

The article discusses the provisions of the current crowdfunding legislation of the United States of America in order to isolate the features of the relevant local legal regulation. The acts and regulations governing the main common forms of crowdfunding, in particular the Jumpstart Our Business Startups Act (JOBS), The Securities Act of 1933, are considered, and the scope of their regulation is indicated. There are government agencies that directly or indirectly carry out regulatory functions in relation to the area under consideration, including the Consumer Financial Protection Bureau (CFPB), the Federal Trade Commission (FTC), the United States Department of Justice, Securities and Exchange Commission (SEC). The main requirements for participants in the crowdfunding services market, the rules for admitting participants to the relevant market, as well as applicable investment restrictions are given. It is noted that despite the existence of federal crowdfunding regulation, individual states enact their own crowdfunding regulatory provisions.