🚀 **Breaking News in Crypto Land! 🚀**
The SEC has settled with DeFi protocol Rari Capital and its co-founders for allegedly misleading investors and unregistered broker activity. Rari’s Earn and Fuse pools, touted as automated yield farming, apparently needed some good ol’ human touch to rebalance assets. 🤖➡️👨💻
Key points:
- Rari Capital accused of unregistered securities sales.
- Co-founders face a five-year ban from serving as officers or directors.
- Settlement includes civil penalties and a cease-and-desist order.
What do you think about the SEC’s actions? Drop your thoughts below! 💬👇