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RE: Securities Exemptions for ICOs

Reg A+ (tier 1 and tier 2) both need to be modified in order to make them viable fundraising vehicles for the future. Tier 1 needs an exemption from blue sky laws and Tier 2 needs to do away with the requirement for transfer agents, but it's a start. The conversation needs to get pushed in Congress (Chairman Clayton may be up for it, frankly).

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