Points
- TheSECisinvestigatingcryptocurrencyventurecapitalfirmsforsellingunregisteredsecurities.
- SECChairmanGaryGenslerisintensifyingpressureonthedigitalassetindustry.
- SomeVCsareallegedtoactassecuritiesdealers,promotingtokensbeforetheyarepubliclytraded.
- TheSEC’sactionscouldreshapetheregulatorylandscapeforcryptoinvestments.
The US Securities and Exchange Commission（SEC）,which has been targeting the cryptocurrency market for a longtime,is preparing for new investigations targeting the cryptocurrencyindustry.
According to DLNews,the SEC is investigating cryptocurrency venture capitalcompanies.The SEC alleges that these firms are selling unregisteredsecurities.
Speaking on the Unchainedpodcast,BlockTower Capital CIO Ari Paul said the SEC is investigating these companies for potentially acting as unregistered securitiesdealers.Paul mentioned that theSEC’sactions are a sign that theagency,under the management of Chairman GaryGensler,is increasing its pressure on the digital assetindustry.He justified theSEC’sactions by stating that some VCs are acting as securities dealers by making agreements with crypto projects before their tokens are publiclytraded.
Paul explained how some VCs violated securitieslaws.According tohim,before a cryptocurrency project launches atoken,the project team often makes deals with market makers or venturefirms.In thesedeals,the crypto project promises to sell VC tokens at a large discount from the price they expect them to trade in thefuture.Inreturn,the VC is expected to promote thetoken.
“Lookingat these agreements between cryptocurrency projects and cryptoVCs,the VCs act like securitiesdealers.
And from an ethicalstandpoint,they very clearly act as apump-and-dumpdevice.”
TheSEC,headed by the harsh and repressive GaryGensler,filed lawsuits againstCoinbase,Kraken,andBinance,alleging that they illegally offered unregistered securities toinvestors.
Moreover,the DeFi industry could not escape the oppressive actions of theSEC.On June28,the SEC filed a lawsuit againstConsensys,accusing it of unregistered sales of securities through the MetaMask stakingservice.
Thisis not investmentadvice.
解説
- TheSEC’sinvestigationintocryptocurrencyventurecapitalfirmsunderscoresitsintensifiedregulatoryapproach.
- AllegationsagainstVCsforsellingunregisteredsecuritiescouldleadtosignificantchangesinthecryptoinvestmentlandscape.
- TheSEC’sactionsreflectabroaderefforttoenforcesecuritieslawsinthedigitalassetmarket.