SEC approves RegA+ token offering for Props

Following yesterday's qualification of Blockstack's Reg A+ offering the SEC has given the green light to Props for its own Reg A+. Unlike Blockstack Props will not use the offering to raise money but instead to compliantly offer rewards to content creators and consumers on its network. The project has already raised $21 million through a token sale with backers including Union Square Ventures, Comcast, Venrock, and Andreessen Horowitz’s Chris Dixon.