SEC Boasts of First Charge Against Fraud DeFi Project, Which Isn’t Really Decentralized
The US Securities and Exchange Commission (SEC) has charged the lender DeFi Money Market for raising $30 million through fraudulent offerings in what it says is the agency’s “first” one involving securities using DeFi technology. However, as SEC Commissioner Hester Peirce clarifies, it was an “enforcement action against a DINO (decentralized in name only) project.” […]
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