CTF Written Submission

Re: Crowdfunding for Collectible Tokens (NFTs)

April 23, 2025
  • The CfPA opposes creating a separate securities compliance framework for NFTs, advocating instead for the use of existing frameworks like Regulation Crowdfunding (Reg CF) and Regulation A.
  • The CfPA proposes a tailored "Form C-NFT" for NFT-based offerings, which would include specific disclosures and eliminate the requirement for GAAP financials in early-stage campaigns.
  • The CfPA emphasizes the need to maintain anti-fraud and ongoing disclosure protections to prevent deceptive marketing and ensure investor protection.

Last Reviewed or Updated: April 23, 2025