The SEC is focusing heavily on the cryptocurrency arena and the backlash against it from the crypto community
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer The SEC is focusing heavily on the cryptocurrency arena and the backlash against it from the crypto community
The struggle between the US Securities and Exchange Commission (SEC) and cryptocurrency companies is still ongoing.
Recently, the SEC filed charges against Hydrogen Technology Corporation for securities manipulation.
Hydrogen Technology Corporation is a Web 3.0 and financial technology company with a cryptocurrency called Hydro.
claim The Securities and Exchange Commission reports that Hydrogen Technology Corporation has made more than $2 million by manipulating the trading volume and price of the cryptocurrency Hydro.
The SEC also indicts Michael Ross Keane, the former CEO of Hydrogen.
Read:Coinbase announces support for the Polygon blockchain and its applications
The agency has also listed Tyler Ostern, CEO of Moonwalkers, a market maker, as a partner in the scheme.
The SEC informed that the accused parties were involved in the unregistered sale of securities.
The SEC’s stance against crypto companies continues:
The SEC has been leading the news on crypto news sites due to its regulation and jurisdiction in the crypto ecosystem.
The Securities and Exchange Commission (SEC) is taking a strong stance against the sale of unregistered crypto tokens, which claim to be securities.
Gary Gensler, head of the SEC, stated that he is confident in his view of Bitcoin and considers it a commodity.
Other digital tokens, including Ethereum, may fall under the SEC’s jurisdiction.
The crypto community has criticized the SEC for resorting to the direct enforcement method of regulation.
In addition, experts claim that the Securities and Exchange Commission (SEC) is intentionally vague in its discussions about the definition of securities versus the definition of commodities.
Jake Chervinsky, head of policy at the Blockchain Association, stated that the recent case against Hydrogen Technology Corporation is another example of the body’s abuses.
Read:How recent PlusToken scam impacted Bitcoin price
Read also:
Cardano (ADA) price not affected by Vasil’s upgrade…Here’s what Cardano founder commented on
Bitcoin mining difficulty drops for the first time in two months…Details here
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time