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The Crowdfunding Professional Association criticizes Republic's "mirror Token" product.
According to ChainCatcher news, as reported by Crowdfund Insider, the Crowdfunding Professional Association (CfPA) issued a statement criticizing Republic’s “Mirror Tokens” product. CfPA believes that these tokens raise serious questions about whether they comply with the purposes of U.S. crowdfunding regulations (Regulation Crowdfunding, Reg CF) and investor protection frameworks. While CfPA supports the democratization of investment opportunities, it opposes Republic’s mirror tokens because these “synthetic instruments” deviate from the legal core intent of directly funding small businesses and promoting community economic growth.