TechFlow reports that cryptocurrency exchange ShapeShift has reached a settlement with the SEC over allegations of selling crypto securities. The SEC stated it will accept ShapeShift's settlement offer, which includes a $275,000 penalty and an agreement to cease future violations of the Securities Exchange Act.
Earlier, the U.S. SEC issued a cease-and-desist order against ShapeShift, prohibiting it from operating as an unregistered broker-dealer offering crypto securities in the United States.
Add to Favorites
Share to Social Media
