The post SEC Blocks $1B Solana Investment Plan Over Missing Paperwork appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has halted DeFi Development Corp’s $1 billion registration filing, which aimed to fund a large-scale investment in Solana. Solana was selected due to its position as the sixth-largest cryptocurrency by market cap and its growing relevance in the DeFi ecosystem. The move comes after the SEC flagged the filing for missing a key requirement, an internal controls report in the company’s Form 10-K.
Filing Withdrawn, But Plans Remain Intact
Originally filed in April 2025, the registration would have allowed DeFi Development Corp, formerly known as Janover, to raise funds to purchase Solana tokens and benefit from potential staking rewards. However, the absence of the required financial controls report led to the filing being deemed ineligible, forcing the company to withdraw its application.
Despite the setback, DeFi
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