U.S. SEC proposes relaxation of assessment criteria for "qualified investors", analysis says it will expand access to crypto financial products

According to The Block, on December 18, the US SEC proposed to modify the definition of "qualified investors" to relax market access. The current criteria for qualifying investors consider only one person's income and net worth. The newly proposed amendment is intended to add a new category of assessment to investors with professional knowledge, experience or relevant certificates to relax market access. The proposal will undergo a 60-day public comment period. As soon as the news came out, the proposal caught the attention of the cryptocurrency field. The Block analyzed that the proposed amendment would expand access to certain cryptocurrency-related financial products, which are only available to qualified investors in the United States.