Block.One Slapped With $24M Fine — Cost of Doing Business?
On Sept. 30, the United States Securities and Exchange Commission (SEC) announced that it had reached a civil settlement with parent company Block.One following an investigation into violations of the SEC’s security offering regulations.
The decision has sparked a new conversation around blockchain, and whether the sector’s apparent flaunting of regulations is brashness or simply the fact that in the worst of cases, the SEC’s teeth aren’t as sharp as initially assumed.
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