This 10-Year-Old Crypto Firm Hit With $275,000 Unregistered Securities Fine by SEC
The United States Securities and Exchange Commission (SEC) targeted ShapeShift, a crypto exchange that has actually been functional for a years. Based in Denver, Colorado, ShapeShift dealt with claims from the SEC for functioning as an unregistered securities dealership.
Particularly, following the industry-wide collapses in 2022, the SEC has actually heightened its regulative oversight of the crypto market.
How the ShapeShift Crypto Exchange Became the most recent Target of the SEC
The SEC's charges versus ShapeShift came before the company stopped its exchange activities in the United States in 2021. Following these claims, ShapeShift consented to a settlement on Tuesday that consisted of a $275,000 fine. Furthermore, they devoted to preventing future breaches of the Securities Exchange...