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DigitalAMN’s Reg A+ Interest Shows Promise as Blockstack and OrgHarvest Become First SEC Qualified Offerings in Crypto and Cannabis Cultivation
DigitalAMN’s Reg A+ Interest Shows Promise as Blockstack and OrgHarvest Become First SEC Qualified Offerings in Crypto and Cannabis Cultivation.
About this update from Digital Asset Monetary Network, Inc.
[{"type":"text","content":"\nNEW YORK, Aug. 06, 2019 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. or “DigitalAMN” (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), announced today, that DigitalAMN’s interest in TruCrowd Services, LLC., may prove invaluable, as the crypto and cannabis cultivation companies, Blockstack PBC and OrgHarvest, Inc., respectively, make history in becoming the first SEC Qualified Regulation A (Reg. A+) Offerings in their respective markets.\n “Being the ‘first’ to qualify for Reg A+ offerings in crypto and cannabis is an unforgettable accomplishment,” stated Ajene Watson, CEO of DigitalAMN. “It’s thrilling to see, that to a larger degree at least, what the SEC appears to have done – we believe – is, improved the environment for both decentralized applications and cannabis companies that ‘touch the plant’, by setting achievable standards for these industries to access the capital markets. For our ‘crowd support’ marketing services firm, which partly focuses on marketing Reg. A+ endeavors, this is essentially a ‘thumbs up’ for DigitalAMN to aggressively support crypto and cannabis offerings. Particularly, as TruCrowd Services may most often leverage those types of crowdfunding portals that are more specific to blockchain/cryptocurrency and cannabis.” Blockstack - #CantBeEvilOver 165 applications have been built on the Blockstack decentralized network thus far. Thousands of DApps have already been developed on Ethereum and an estimated $2.9 Billion in global spending is anticipated to occur on Nakamoto’s 220 terabyte Blockchain in 2019. While Bitcoin, Ether and the other crypto movers remain largely unregulated, regulators seem satisfied enough that Blockstack’s token offering has initially passed their high standards for disclosure and transparency. Now, having the ability to regulate this particular token, it is expected that more companies will follow suit, slowly easing the doubts that have plagued the crypto industry to-date. As noted in the BlockStack announcement, “It is a truly groundbreaking day for decentralized technology and by extension, fundamental digital rights. By building technology that 'can’t be evil' by design; trusting centralized organizatio...