 "Securities and Exchange Commission, SEC")
The U.S. Securities and Exchange Commission brought its first case tied to the booming decentralized finance market, alleging a company sold digital tokens that should have been registered with the Wall Street regulator.
The SEC sued Cayman Islands-based Blockchain Credit Partners and two of its top executives for illicitly offering securities through its DeFi Money Market platform from February 2020 to February 2021, according to a Friday statement. The company sold more than $30 million worth of two types of tokens that the SEC considered to be securities, which must be registered with the agency.
“Full and honest disclosure remains
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