According to Blockworks, regulatory actions under the leadership of U.S. SEC Chairman Gary Gensler are becoming a fixed operating cost for crypto companies, which may affect the industry's pace of innovation and the development of new projects.
ChainCatcher previously reported that the U.S. Securities and Exchange Commission (SEC) reached a settlement with cryptocurrency lending platform Rari Capital. The SEC accused Rari's tokens of constituting unregistered securities and questioned the authenticity of its automatic rebalancing mechanism. In the past year, at least a dozen crypto-related companies, including Uniswap Labs, eToro, and Binance, have reached settlements with regulators, paying a total of more than $4.3 billion in fines.
