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DeFi Cash Market closure after SEC probe might set rocky precedent By Cointelegraph

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DeFi Cash Market closure after SEC probe might set rocky precedent

The SEC’s latest inquiry into the Tim Draper-backed DeFi Cash Market platform is the newest instance in a regarding pattern of accelerating motion by regulators in opposition to unregistered securities.

It joins Kik Interactive, and Coinseed as crypto tasks dealing with the wrath of regulators underneath points of securities legislation.