Reg D 506(c) Crypto Fundraising Guide 2025

{ "body": "Rule 506(c) permits general solicitation and advertising, making it suitable for public token sales to accredited investors. The tradeoff is that issuers must take reasonable steps to verify accredited investor status, not simply rely on self-certification.", "heading": "506(c) vs 506(b) for Crypto" }

{ "body": "Acceptable verification methods include review of tax returns or W-2s showing income over $200,000, third-party verification letters from licensed advisors, or use of SEC-registered verification platforms. Simple checkboxes are insufficient for 506(c).", "heading": "Accredited Investor Verification" }

{ "body": "Issuers must file Form D with the SEC within 15 days of the first sale. Form D is public and discloses the amount raised, number of investors, and type of securities offered. State blue sky filings are also required in most states.", "heading": "Form D Filing Requirements" }