SEC reportedly contracts blockchain analytics firm to monitor DeFi industry

Cointelegraph

Published Aug 27, 2021 12:22PM ET

Updated Aug 29, 2021 02:40PM ET

The U.S. Securities and Exchange Commission has reportedly signed a $125,000 deal with blockchain analytics firm AnChain.AI to help monitor and regulate the decentralized finance industry.

According to a Friday report from Forbes, an AnChain.AI company spokesperson confirmed the agreement with the federal regulator, saying the SEC and blockchain firm had the option to sign up to five separate 1-year contracts for $125,000 each, or $625,000 total. The first contract reportedly began in May.

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