Despite shutting down its crypto exchange in 2021, ShapeShift was still charged by the US Securities and Exchange Commission (SEC) with selling unregistered securities. The company chose to settle on the SEC’s terms instead of taking the matter to court.
SEC Charges and Settlement
ShapeShift, the once-prominent crypto exchange, has settled charges brought forth by the US Securities and Exchange Commission (SEC) regarding the sale of unregistered securities. Despite ceasing its exchange operations in 2021, the company found itself under the SEC’s scrutiny, leading to a settlement agreement rather than a legal battle.
The SEC accused ShapeShift of operating as a crypto „vending machine” from 2014 until January 2021, offering various crypto assets, some of which were classified as investment contracts.
The filing read,
„ShapeShift regularly bought and sold crypto assets for and from its own accounts, carrying inventory in – and holding itself out to customers as willi
We współpracy z: https://cryptodaily.co.uk/2024/03/shapeshift-settles-sec-charges-from-pre-dao-days
