DeFi Money Market closure after SEC probe could set rocky precedent

Cointelegraph

Published Feb 18, 2021 10:38PM ET

Updated Feb 19, 2021 12:20AM ET

The SEC’s recent inquiry into the Tim Draper-backed DeFi Money Market platform is the most recent example in a concerning trend of increasing action by regulators against unregistered securities.

It joins Kik Interactive, Ripple and Coinseed as crypto projects facing the wrath of regulators under aspects of securities law.

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