SEC Charges 'Defi' Lender, Governance Token Issuers Should Take Notice

The US Securities and Exchange Commission (SEC) charged Cayman Islands-registered DeFi Money Market (DMM) and its top executives, two Florida men, for unregistered sales of more than USD 30m of securities using smart contracts and "so-called "decentralized finance" (DeFi) technology." DMM has already been closed down due to "regulatory