SEC cracks down on unregistered securities

As part of a settlement with the SEC, Unikrn returns “substantially all of the company’s assets” to investors and shuts down its token. This despite the commissioner’s insightful dissent.

Sorry Unikoin Gold bagholders.

image

How could you not appreciate the value here?

Adding it to the crypto numismatics fund along with DogeCoin.

The SEC has been clear about what constitutes a security token. Developers and community leaders of DeFi projects should be careful about the legal liability they are exposing themselves to.

The SEC will likely consider SushiSwap and its ilk to be exchanges offering unregistered securities to US citizens. Developers, community leaders, and multisig wallet signers could all find themselves held accountable by regulators.

Remember that ignorance of the law won’t protect you.