US Investors Lose Hope To Launch Crypto ETFs

US Investors Lose Hope To Launch Crypto ETFs

Companies that have filed applications with the US Securities and Exchange Commission (SEC) to launch cryptocurrency ETFs are disappointed with the recent speech by SEC Chairman Gary Gensler. Previously, many firms awaiting approval for the launch of exchange-traded funds for bitcoin hoped that with the arrival of Gensler as chairman of the SEC, the department would give the green light to this investment product. However, after a recent talk by Gensler at the Aspen Security…

DeFi Money Market Platform closed due to SEC allegations

DeFi Money Market Platform closed due to SEC allegations

The US Securities and Exchange Commission (SEC) accused the DeFi Money Market project of an unregistered sale of $ 30 million in securities and of providing investors with false information. According to the SEC, two Florida residents, Gregory Keough and Derek Acree, and their firm Blockchain Credit Partners, were selling unregistered securities through the DeFi Money Market between February 2020 and February 2021. To do this, they used two types of tokens: mTokens, which could…