Reading time: ~2 m
SEC launched an investigation into the activities of the providers of landing services Voyager, Gemini and Celsius Network regarding the legality of their provision of interest on deposits in digital assets. Bloomberg writes about it.
Agency sources said that the regulator considers such a product as securities requiring registration.
Representatives of the company confirmed the interaction with the Commission.
The SEC did not file specific charges, and officials declined to comment on their actions.
Recall that in November 2021, the media reported that the SEC initiated an investigation into BlockFi.
Prior to this, the firm had already encountered regulatory problems at the state level. Claims against it appeared from the supervisory agencies of New Jersey, Alabama and Vermont.
Similar accusations were made by state regulators in Texas, New Jersey, Alabama, and Kentucky against the Celsius Network. This did not prevent the firm from increasing the volume of funds raised during the Series B investment round to $750 million. The platform was then valued at $3.25 billion.
In September, under pressure from the SEC, Coinbase refused to launch crypto savings accounts. The company said it had actively engaged with the Commission on the launch of the product over the past six months.
#SEC #investigates #Voyager #Gemini #Celsius #Network