Opinion: The US SEC's regulatory actions have increased the operating costs of crypto companies

Regulatory actions under the leadership of Gary Gensler, chairman of the U.S. SEC, are becoming a fixed operating cost for crypto companies, which may affect the pace of innovation in the industry and the development of new projects. Earlier news, the U.S. Securities and Exchange Commission (SEC) reached a settlement with Rari Capital, a cryptocurrency lending platform. The SEC accused Rari's tokens of constituting unregistered securities and questioned the authenticity of its automatic rebalancing mechanism. In the past year, at least a dozen crypto-related companies, including Uniswap Labs, eToro, and Binance, have reached settlements with regulators, paying a total of more than $4.3 billion in fines. (Blockworks)