Yep, it’s an American law. I can’t invest in most startups unless I’m an accredited investor, which means either I have net worth over a million dollars or income over $200,000/year. That’s why on the LPP investors page it says it’s seeking “foreign and accredited US investors.”
http://www.lawrencevilleplasmaphysics.com/index.php?option=com_content&view=article&id=94&Itemid=116
There are a lot of things that Americans can’t do which are perfectly fine in other countries.