What did the SEC adopt from Kendrick's comment letters?

The dispatches reference a September 2019 comment letter in which Nguyen told the SEC the $1.07 million Reg CF cap was 'severely impairing' the rule and asked for a $5 to $10 million cap [dispatches]. The dispatch frames this letter as traceable clause-by-clause into the November 2020 final rules.

The corpus separately confirms Nguyen's documented SEC engagement: a comment letter to Chairman Jay Clayton on extending COVID-19 temporary relief to Regulation Crowdfunding (File No. S7-05-20) [comment letter — 2020-08-22], and a panel appearance at the SEC's 'Online Investment Capital Raising' Virtual Coffee Break (transcript OS-018-20) [SEC transcript — 2020-04-03].

This corpus describes the September 2019 letter and the asked-for $5–10M cap via the dispatch, but does not reproduce the specific final-rule clauses adopted. The exact text of what the Commission adopted is not contained in these chunks.

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