Sec on defi

sec on defi



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In the United States, multiple federal authorities likely have jurisdiction over aspects of DeFi, including the Department of Justice, the Financial Criminal Enforcement Network, the Internal Revenue Service, the Commodity Futures Trading Commission, and the SEC. [12] State authorities likely have jurisdiction over aspects as well. [13]

the securities and exchange commission today charged two florida men and their cayman islands company for unregistered sales of more than $30 million of securities using smart contracts and so-called "decentralized finance" (defi) technology, and for misleading investors concerning the operations and profitability of their business defi money …

DeFi investigation The narrative News broke Friday that the Securities and Exchange Commission (SEC) is conducting a probe into Uniswap Labs and other DeFi platforms. It's unclear whether these...

(1) Bringing together buyers and sellers of securities using trading interest; and (2) Making available established, non-discretionary methods (whether by providing a trading facility or communication protocols, or by setting rules) under which buyers and sellers can interact and agree to the terms of a trade.

The Wall Street Journal today reported that Uniswap Labs, the company developing DeFi's most popular decentralized exchange, is under investigation by the U.S. Securities and Exchange Commission (SEC). Should the SEC take enforcement action against Uniswap, it would doubtlessly ripple across this new corner of the blockchain industry.

In the case of Blockchain Credit Partners, which did business as DeFi Money Market, the SEC alleged the company and its owners sold digital assets called mTokens that purportedly were able to offer...

BlockFi agreed to pay $100 million to settle charges from the SEC and 32 states for failing to register securities offerings. It also agreed to register and comply with the securities laws in the future. NFTs

SEC Sends a Demoralizing Warning to DeFi, the Bank Killers The SEC and the states slap a $100 million fine on crypto firm BlockFi and indirectly signal that no financial startup is out of reach....

SEC's Focus On DeFi Is Made Clear Through Its Suit Against LBRY, Inc. April 5, 2021 On March 29, 2021, the U.S. Securities and Exchange Commission filed a complaint against LBRY, Inc., a decentralized blockchain company that operates a content sharing application.

DeFi users are able to trade and lend online without the requirement of an intermediary. Developers on these peer-to-peer networks write the code that automates transactions and then supposedly step away from the project. This has led DeFi stakeholders to argue that this decentralized feature should exclude it from SEC regulatory oversight.

According to multiple legal professionals, recent events could provide the U.S. Securities and Exchange Commission (SEC) and other agencies a long-awaited foothold in the largely unregulated, $211...

DeFi could be next The SEC and the CFTC's joint attack on Abra may signal that a crackdown on DeFi is about to hit the multi-billion dollar industry, according to industry insiders. By Robert Stevens. Jul 14, 2020 Jul 14, 2020. 5 min read. The SEC has taken a hard stance on crypto. Image: Shutterstock

SEC recognizes that DeFi offerings share similar characteristics with traditional financial marketplace, especially those within SEC's jurisdiction. Recognize that DeFi is about investing performed with increased efficiencies in transaction speed, cost, and customization enabled through smart contracts.

Posted on August 20, 2021 The Securities and Exchange Commission ( SEC) has its eye on the decentralized finance (DeFi) space but has yet to figure out how to develop a regulatory framework,...

The U.S. Securities and Exchange Commission (SEC) has taken its first enforcement action involving decentralized finance (defi). The commission has charged a defi platform and its executives for unregistered securities sales of more than $30 million and misleading investors. SEC's 1st Enforcement Action Involving Decentralized Finance

SEC Shares Views on DeFi Risks, Regulation and Opportunities On November 9th 2021, Commissioner Caroline A. Crenshaw of the US Securities and Exchange Commission (SEC) offered views on the status of decentralized finance (DeFi) regulation in an article published in The International Journal of Blockchain Law.

Blockchain analytics firm AnChain.AI has signed a deal with the U.S. Securities and Exchange Commission (SEC) to help monitor and regulate the turbulent decentralized finance (DeFi) industry,...

The SEC says both tokens—neither of which were formally registered—met the established definition of a security. DeFi Money Market, which counted venture capitalist Tim Draper among its investors, was shut down this past February. As part of a settlement, the company has agreed to return $12,849,354; Gregory Keough, Derek Acree, the alleged ...

On Wednesday, the U.S. Securities and Exchange Commission (SEC) initiated a probe into the way crypto exchanges are handling the growing problem of insider trading. According to Fox Business ...

Ali Raza Last updated: 15 June 2022. The US Securities and Exchange Commission (SEC) is turning its regulatory focus on insider trading on cryptocurrency exchanges. The SEC is the regulatory body ...

In a new proposal published Thursday, the SEC is looking to expand its definition of a securities exchange. The proposal aims to move the SEC's definition away from systems that match securities orders using a traditional order book to any system allowing buyers and sellers to communicate their securities trading interest.

The SEC has previously stated that DeFi platforms aren't immune from legal scrutiny, especially with digital asset trading bypassing many regulations together with the activities of marketing investment promoters who encourage users to trade on these DeFi platforms. With that being said, the SEC appears to have come good on their promise to ...

The SEC Chair, Gary Gensler, has previously said that the cryptocurrency space was prone to manipulation. ... Defi Coin Price Forecast: DEFC Makes a Sharp Rise as It Targets the $0.3000 High ...

The U.S. Securities and Exchange Commission (SEC) recently issued proposed amendments to the Securities Exchange Act [1] (the "Exchange Act") that would significantly broaden the definition of "exchange" for purposes of regulation under the Exchange Act ("Proposed Rule"). [ 2] Designed to address a "regulatory gap," [ 3] the ...

There were zero references to crypto, blockchain, DeFi, or distributed ledger technology in the 654-page proposal. Nevertheless, the proposal makes clear that it applies to "trading any type of security." SEC leadership, past and present, has repeatedly expressed the view that almost all crypto/tokens/digital assets are securities.

The SEC successfully put DeFI on notice ReutersS/Dado Ruvic A new kind of computer. From our Series Crypto Surge The Crypto Surge will explore how investors and enthusiasts can differentiate...

The U.S. Securities and Exchange Commission (SEC) recently issued proposed amendments to the Securities Exchange Act (the "Exchange Act") that would significantly broaden the definition of "exchange" for purposes of regulation under the Exchange Act ("Proposed Rule").[2] Designed to address a "regulatory gap,"[3] the Proposed Rule would cover "platforms for all kinds of asset ...




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