OPINION: U.S. SEC Regulatory Actions Add to Crypto Firms' Operating Costs

Regulatory actions under U.S. SEC Chairman Gary Gensler are becoming a fixed cost of doing business for crypto firms, which could affect the pace of innovation and the development of new projects in the industry, Blockworks reported.

As previously reported , the U.S. Securities and Exchange Commission (SEC) reached a settlement with cryptocurrency lending platform Rari Capital.The SEC alleged that Rari's tokens constituted unregistered securities and questioned the authenticity of its automatic rebalancing mechanism. Over the past year, at least a dozen crypto-related firms, including Uniswap Labs, eToro, and Binance, have settled with the regulator, paying more than $4.3 billion in penalties.