Jim Hamilton has details:
Senator Jeff Merkley (D-OR), the author of the JOBS Act crowdfunding Title said that the SEC proposed regulations implementing the crowdfunding provisions are seriously flawed and do not properly carry out legislative intent in a number of areas. In a letter to SEC Chair Mary Jo White, he said that in some instances the Commission is ignoring the plain intent of the JOBS Act and proposing the least investor protective approach possible. For example, the Senator said that permitting a funding portal to rely on the investor's representations concerning compliance with investment limits above $2,000 is a recipe for disaster for vulnerable investors and must be changed.
Go read the whole thing if that's your bag (as it should be).