The U.S. Securities and Exchange Commission (SEC) is facing criticism for its $10 million settlement with cryptocurrency exchange Poloniex.
This time, the fault-finding comes from one of the agency’s biggest crypto advocates, Commissioner Hester Peirce.
On Monday, the SEC announced it has reached an agreement with the Seychelles-based crypto exchange over the alleged sale of unregistered securities and running an unregistered online digital asset exchange.
Poloniex Settles for $10 Million with SEC for ‘Aggressive’ Listing Policy
The agency claimed that from July 2017 through November 2019 Poloniex offered U.S. investors the ability to trade “digital assets that were investment contracts and therefore securities.”
According to the ruling, Poloniex agreed to pay a fine to the tune of $10.3 million, even though the exchange didn’t admit or deny the Commission’s findings.
Peirce pushes back
In a follow-up statement, Peirce slammed the agency’s action, emphasizing the lack of a clea
Źródło: https://decrypt.co/78157/hester-peirce-criticizes-sec-10m-poloniex-ruling
