How is Regulation Crowdfunding different from Title II of the JOBS Act?
Regulation Crowdfunding allows US based entrepreneurs to raise up to $1,070,000 per year from the general public, US and non-US investors, including investors that do not qualify as accredited investors. It means Regulation Crowdfunding allows everyone to invest, without needing proof of high income.
Title II of the JOBS act enables general solicitation. Companies can only accept money from accredited investors who are typically people with a net worth (excluding their primary residence) of $1 million, income of $200,000/year (or $300,000 with their spouse), officers and directors of the entrepreneur and various institutions that have more than $5 million in assets.