Beyond the important step of raising the annual ceiling to $5 million, the proposed SEC rule revisions include a host of other changes that would be constructive for capital formation. Key among them are a relaxation of the restriction on how much an investor could invest under Reg CF. For non-accredited investors, the SEC proposes basing investment limits on the greater of their income or net worth, rather than the current standard of the lesser of these two factors. The proposal also would remove the current limit on investment under Reg CF for accredited investors.

https://news.crunchbase.com/news/new-sec-rules-on-crowdfunding-would-be-a-boost-to-capital-raising-for-startups/?utm_content=intro&utm_term=content&mkt_tok=eyJpIjoiWm1JNFlUUmtNVEUyTkRGbCIsInQiOiJSUHUwWXgxZDV5V1B2bHhJalI5RTYxSlNHQnVmRlB5VlptXC9Qekt1Qk1VR2hYSEJLMk1RTEpCYkIyWVFUOFJHTUNMQkNFbUxWeUFOSW5vbVRkQ1NTWnlNWmhVeHNlbTlwMTQycWtxRVdjOHRjcjVaS0dEM0UrUjZKREsxWDRcL1lMIn0%3d