Jason @ 01:07:59Wrong
venturemarketsgovernment
By the end of 2022, U.S. accredited investor rules will have materially changed to allow people to qualify by passing a test rather than meeting income/wealth thresholds, and a clear legal regulatory framework for crypto will be implemented; together these regulatory shifts will enable significantly expanded, globally accessible capital formation mechanisms (e.g., broader syndicates, DAOs, tokenized fund interests).
I had, uh, most anticipated trend of 2022 being the accredited investor. Laws are going to change and evolve. And it might just be you take a test and you're now accredited. It doesn't matter if you won the lottery or you make 200,000 a year, and a legal crypto framework is going to happen, I think, at the same time. So those regulations combined are going to empower really interesting capital formation, uh, on a global basis...View on YouTube
Explanation
Accredited‑investor rules
- The only major U.S. change that let some people qualify as accredited based on knowledge rather than income/wealth was the SEC’s August 26, 2020 amendments, effective December 8, 2020, which added categories for holders of certain professional certifications and other sophisticated entities—not a new, general-purpose exam that anyone could take in 2022 to become accredited. (sec.gov)
- As of 2022, an individual generally still had to meet the $200k income / $1m net‑worth thresholds or hold specific licenses such as Series 7, 65, or 82; there was no broad “pass a test and you’re accredited” pathway. (en.wikipedia.org)
- A bill to further revisit the accredited‑investor definition (H.R. 4708, 2021) never advanced beyond introduction in the House, so no additional statutory change occurred by the end of 2022. (congress.gov)
Crypto legal framework
- In March 2022, Executive Order 14067 (“Ensuring Responsible Development of Digital Assets”) directed agencies to study digital assets and propose policy options, and Treasury published a July 2022 international engagement framework under that order. These documents initiated coordination and reports but did not themselves establish a clear, binding regulatory regime for crypto markets. (bidenwhitehouse.archives.gov)
- The Digital Commodities Consumer Protection Act, introduced in 2022 to create a federal regime for many crypto assets, remained only a proposed law; it was not enacted, and the FTX collapse was widely seen as delaying its prospects. (en.wikipedia.org)
- Even years later, senior regulators were still publicly calling for a comprehensive digital‑asset framework and describing the U.S. regime as fragmented and incomplete, confirming that such a framework did not exist in 2022. (politico.com)
Because (1) there was no new 2022 change creating a general test‑based path to accredited‑investor status, and (2) no clear, comprehensive U.S. legal framework for crypto was implemented by the end of 2022, the combined regulatory shift Jason predicted—timed to 2022 and enabling the kind of broad, globally accessible capital formation he described—did not materialize.