đ¨ **Crypto News Flash!** đ¨
The SEC has charged DeFi platform Rari Capital and its co-founders for misleading investors and acting as unregistered brokers. At their peak, Rari's investment platforms held over $1 billion in crypto assets.
Key Points:
- Rari offered Earn and Fuse pools for crypto investments.
- SEC claims Rari falsely advertised automatic rebalancing and high returns.
- Investors faced losses due to manual intervention and unaccounted fees.
Implications:
- DeFi platforms are not exempt from regulatory scrutiny.
- SEC emphasizes economic realities over "decentralized" labels.
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