Chicago-based lending firm Ceres recently filed for a request to conduct a Reg. A sale in order to get approval from the U.S. Securities and Exchange Commission (SEC). Ceres wants to launch a token that will be used for garnering equity, while the company also wants to launch a coin that can be used to lend to cannabis startups in need of funding.
Cryptocurrencies and cannabis culture go hand in hand in the eyes of many, and the company Ceres seems to be a firm believer of this theory. On June 30, 2020, filed paperwork from the company, Ceres Coin LLC to the U.S. Securities and Exchange Commission (SEC), shows the firm wants to conduct a Reg. A offering. Basically, a Regulation A offering is an exemption from the traditional registration requirements. It means that after the SEC approves the filing, Ceres can immediately accept payment for the token sales.