Soho Loft’s founder, David Drake, collaborated on the 2011 JOBS Act, which laid the path to starting the Crowdfund Intermediary Regulatory Advocates (CFIRA). By working on the JOBS Act, David was able to create new laws underlying all fundraising in the U.S. for all ICOs and ITOs. The SLMG set up the first crowdfunding meeting with the Securities & Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) for the first time in history on April 20, 2012. Only three people, including David, were allowed to go into a secret meeting with FINRA discussing the crowdfunding laws in North America. David created the Crowdfunding Professional Association, which he split subsequently forming the CFIRA. Both associations met with the SEC and FINRA weekly for five years. Through David’s work, he was involved with former President Obama in shaping U.S. security laws and permanently altering the SEC founding Acts of 1933, 1934, and the Investment Company Act of 1940. Due to these efforts, an invitation as a thought leader was extended by the White House and the United Kingdom Parliament. All this has given David unprecedented insight to understand and project liabilities facing the crowdfunding and blockchain industry. Having relationships with regulatory powers keeps him and Soho Loft one step ahead of everyone else.