What regulatory changes are necessary for the crowdfunding industry to move forward?

I don't believe that any major regs are required for CF to move forward--it's already changing the face of early stage venture creation and liberating fallow capital from investors of all ranks. Based on proposals now in Congress, I do believe that furhter modification will happen to current regs, such as definition of accredited investor itself; raising limits on Reg CF campaigns from $1M to $5M; adoption of Special Purpose Vehicles that don't muddy follow-on investment, etc. Hope that helps. Let me know if I can be of further assistance or connect you with some of my colleagues with a bit more insight into legislative/regulatory affairs.