What made equity crowdfunding possible?
A)the success of other crowdfunding sites
B)the JOBS Act, signed by President Obama
C)changes in Dow Jones
D)advances in the software of crowdfunding sites

Question

Quizplus · Accepted Answer

Equity crowdfunding became possible due to the JOBS Act, signed into law by President Obama in 2012. This law lifted restrictions on businesses seeking funding from non-accredited investors, allowing for greater opportunities for equity crowdfunding. The success of other crowdfunding sites and advances in software may have played a role in the growth of equity crowdfunding, but they are not the primary reason it became possible. Changes in Dow Jones are not related to equity crowdfunding.

What Made Equity Crowdfunding Possible