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The SEC has initiated legal actions against multiple crypto entities to address potential violations of securities laws and protect investors. As the deadlines for some of them draw near, let’s recall which are expected to end. Gary Gensler’s SEC has taken legal actions against countless crypto -focused business entities to ensure compliance with its securities laws, aiming to bring the tokens of these projects under its securities umbrella. The SEC claims its actions protect investors from falling victim to potential fraud. US regulator aims to foster stability in the crypto currency industry by enforcing compliance and cracking down on deceptive behavior. However, market participants see the regulator’s efforts as harsh and draconian.  You might also like: Mark Cuban calls for simplified SEC crypto regulations SEC vs. Ripple The SEC filed a lawsuit against Ripple Labs and its current and previous CEOs in 2020, alleging they held an initial public offering (IPO) of ...

Join Our Telegram channel to stay up to date on breaking news coverage Polygon, one of the most promising projects of the year, has made undeniable progress toward onboarding the masses and having the infrastructure to support them amid a contagion-fueled crypto winter that has chilled VC firms, coin holders, and NFT collectors alike. In 2022, the perception of Polygon changed from being one of many Ethereum scaling networks to a platform preferred by major household brands and businesses looking to utilize Web3 technology, powering everything from customer loyalty programs to web and metaverse identity. Additionally, it made progress with its plans to use zero-knowledge proof scaling technology to support that growth. Despite the waning faith in the cryptocurrency industry brought on by the failure of Terra and, more recently, FTX, Polygon has attracted a wide range of sizable, well-known brands that are developing applications on top of the Ethereum scaler over the past few ...