HomeNewscoinquora.comSEC Is Attacking the DeFi Sector at Once

SEC Is Attacking the DeFi Sector at Once

- Advertisement -


SEC_is_investigating_several_companies_in_the_DeFi_sector_at_once
  • SEC started probes on other DeFi Dapp platforms aside from Uniswap
  • 2 week ago SEC chairman, Gary Gensler, promised a crypto crackdown

The US Securities and Exchange Commission (SEC) is reported to have started probes on other DeFi Dapp platforms aside from Uniswap.

According to reports, the US SEC investigation into Uniswap Labs is part of a wider initiative against the DeFi sector. It means regulators are making their way into many platforms in DeFi, other than just the one into Uniswap Labs.

However, the source with data on the subject refused to be cited as the news is private. More so, the source said that the SEC has become increasingly focused on DeFi.

In addition, The Wall Street Journal also noted that SEC experts are studying reports about Uniswap. And also how investors communicate with it. According to the news, the study is still at an early stage. Therefore, there are details as of now.

Based on the SEC website, this procedure does not necessarily lead to any enforcement action. But within its framework, it can, for example, call witnesses to court to testify.

Also, Delphi Labs General Counsel Gabriel Shapiro said that DeFi projects “are starting to receive letters from the SEC. And requests from other regulators.” Further, he said,

Lawyers in this area have known and talked about this for about a month. […] Now everything just becomes public.

The New York Times also reported that the SEC took similar actions in 2017-2018 with respect to the organizers of the ICO.

Note that 2 weeks ago, the chairman of the U.S. SEC, Gary Gensler, promised a crypto crackdown. This is because he believes the industry is “like the Wild West.”



Source link

- Advertisement -
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,546FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 55,071.00
ethereum
Ethereum (ETH) $ 4,361.88
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 549.64
litecoin
Litecoin (LTC) $ 194.52
eos
EOS (EOS) $ 3.90
okb
OKB (OKB) $ 25.97
tezos
Tezos (XTZ) $ 5.05
leo-token
LEO Token (LEO) $ 3.52
cardano
Cardano (ADA) $ 1.60
monero
Monero (XMR) $ 229.91
stellar
Stellar (XLM) $ 0.343411
chainlink
Chainlink (LINK) $ 24.17
huobi-token
Huobi Token (HT) $ 9.57
tron
TRON (TRX) $ 0.098466
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 173.43
neo
NEO (NEO) $ 36.11
iota
IOTA (MIOTA) $ 1.44
nem
NEM (XEM) $ 0.16597
zcash
Zcash (ZEC) $ 220.77
maker
Maker (MKR) $ 2,818.39
paxos-standard
Pax Dollar (USDP) $ 0.994877
ethereum-classic
Ethereum Classic (ETC) $ 45.85
vechain
VeChain (VET) $ 0.112581
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 47.83
kucoin-shares
KuCoin Token (KCS) $ 24.34
waves
Waves (WAVES) $ 21.01