SEC pushed that default is not working again in crypto, “says Cripto Vc

The US Secure and Exchange Commission, used settlements for the founders of decentralized financial platforms to ever work in industry again in industry, in accordance with the basic basic funds of the risks of Joei Kruguje.

“What people don’t really know is that the government, in many cases, went to the founders of the defenders to effectively do the settlement with us,” “Circle told Ethdenver Conference on 27. February.

“In many cases, they said you also need to sign something that says you will never work in CRIPTO,” he added. “By the way, this agreement, you can’t talk publicly about it because there is an unclassing clause.”

Circle request adds to a Cripto industrial rumor called “Operation Chokepoint 2.0”, which says that the plant administration tried to kill the local industry with the actions of the regulator and pressing banks To terminate or restrict CRIPTO firms.

“These agencies will basically go to the founders and they would say,” Hey, if you don’t agree with that, you’ll just end up in prison. “

The circle said that Civic agencies It would have to be postponed by the Department of Justice to submit criminal charges, but “none of these things has not yet been addressed to Doj.” He also claimed that “none of these founders had actually violated the law.”

The circle said that in the beginning, “he really believed such a settlement existed, but some founders – who did not appoint him – later showed him his agreements.

“Of course, there are clauses that say you can never work in Cripto (s) you can’t talk about it anymore,” he said.

“It was just a crazy, crazy administrative condition that really became out of control.”

SEC did not answer the comment request immediately.

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Since 1972. year, SEC included a “Gag Rule” in its settlements that prohibits the accused to criticize The statement of the Agency – the clause that the Hester Peirce Commissioner said “undermining regulatory integrity”.

The circle said that the only way deficiencies could comment on the settlement was asked to testify. He added that there are “a lot of founder who would like to talk about how the government really fucked them if Congress asked them to testify.”

At the beginning of this month, a federal deposit insurance corporation was published nearly 800 pages The so-called “letters of letters” sent by banks and financial companies through their crypto services.

And US House and Senate hearings on crypto At the beginning of February, who heard with CRIPTO executives on its claims of tordid dealing with an attempt to access financial services within the Minib administration.

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Additional Reporting Turner Vright.