SEC EDGAR Chart Data Reveals SAFT Token Sales & Filings Still Increasing
Unsurprisingly, there has been an increase in token sales and filings. The data used to come to this conclusion was collected from June to August.
Further, a majority of the filings shows that the SEC has received nearly 100 filings for token sales. There is a new approach whereby sales of Simple Agreements for Future Tokens, or SAFTs, which allows a token sale to take place at a later date. The framework is based upon Simple Agreements for Future Equity.
Further, the data gathered by the SEC’s Electronic Data Gathering Analysis and Retrieval system, which provides more insight into the practice. Based on the data gathered, the U.S. led in the majority of funding to the SEC, Spain, Japan, and the UK. In terms of states in the U.S., Delaware took the lead in filings, due to its pro-business stance.
Although there has been a great deal of scrutiny concerning the SAFT model, there is no doubt that filings are increasing. According to Jay Clayton, the SEC Chairman, token sellers should “come see us” if they are looking to sell tokens.