03/23/2012 05:05 pm ET Updated Mar 24, 2012

As JOBS Act Advances, Debate Explodes On Twitter

Entrepreneurs and venture capitalists are dancing in the streets. Academics and regulators are grinding their teeth.

Why? On Thursday, the U.S. Senate approved the JOBS Act, which aims to make it easier for startups to raise money from the general public. Now on its way back to the House, the bill has sparked fiery debate in Congress and across the nation.

It's tough to tell whether the JOBS Act is a win for entrepreneurs that will lead to more jobs, or simply a win for Wall Street. At the heart of the matter lies the age-old question: What is the proper balance between protecting investors and encouraging the flow of capital to fledgling companies?

Such quandaries haven't prevented the bill's proponents and detractors from taking to Twitter as the legislation swirls around Congress. Below is a brief roundup of tweets from folks on both sides of the debate: