SEC Charges Two Crypto Executives in First-Ever DeFi Securities Case. The U.
08 Aug 2021, 08:00
SEC Charges Two Crypto Executives in First-Ever DeFi Securities Case
The U.S. Securities and Exchange Commission (SEC) is pressing charges against two crypto executives in its first-ever decentralized finance (DeFi) securities case.
In a new press release, the SEC says that it charged two Florida men and their Cayman Islands company for unregistered sales of more than $30 million in securities using smart contracts and DeFi technology.
The SEC also claims Gregory Keough, Derek Acree and their DeFi lending company, Blockchain Credit Partners, misled investors about the operations and profitability of their business DeFi Money Market.