SEC Settles Charges Against Rari Capital for Misleading Investors, Unregistered Brokers, and Securities

Sep 18, 2024, 07:55 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 case pertains to Rari Capital's two blockchain investment platforms, which once held over $1 billion in crypto assets. The SEC accused Rari Capital of advertising their lending pools as autonomous while they were manually operated. The settlement is part of the SEC's broader effort to regulate the DeFi sector.