SEC vs Crypto: Exploring the Crackdown on Digital Assets
In recent years, the SEC (The Securities and Exchange Commission) has been relentlessly clamping down on crypto and digital assets in the US–issuing warnings and charges to numerous crypto firms such as Circle, Ripple, and Gemini.
US SEC’s Crypto Crackdown Continues; UpToken Under the Scanner
Without admitting or denying wrongdoing, Coinme and Up Global will pay a combined $3.77 million for conducting an unregistered and misleading offering of a crypto asset called UpToken.
Many firms believe SEC's crackdown is unfair and has criticised their regulations in the country as confusing, with many considering moving out of the country for their businesses. Is this the last straw for the crypto market in the US?