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Outcome of SEC's efforts to regulate DeFi space by end of 2024?
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SEC Settles Charges Against Rari Capital for Misleading Investors, Unregistered Brokers, and Securities
Sep 18, 2024, 08:03 PM
The U.S. Securities and Exchange Commission (SEC) has settled charges against decentralized finance (DeFi) platform Rari Capital and its founders. The charges include misleading investors, operating as unregistered brokers, and offering unregistered securities. The SEC's investigation revealed that Rari Capital's two blockchain investment platforms, which once held over $1 billion in crypto assets, were not as autonomous as claimed, with manual operations being conducted. This settlement is part of the SEC's broader efforts to regulate the DeFi space, particularly focusing on lending pools.
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