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the direct route will make this a lighter lift for blockchain startups, give investors a regulated exposure to the crypto markets, raise the profile of the industry as a whole and give us analysts insight into the inner workings of previously opaque businesses. The SEC also broadened its definition of “accredited investor,” for the first time in 40 years, to include those that had passed the Series 7, 65 and 82 exams, regardless of their personal wealth. As a CFA, I am miffed that CFAs aren’t included (what, are we not smart enough?), but I’m taking the glass-half-full approach of focusing on the fact that change is happening,.
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