The regulator charged the former DeFi protocol and its co-founders for allegedly misleading investors and unregistered broker activity involving its pools.
House of Representatives members brought up FTX, Donald Trump’s token launch, and SEC Chair Gary Gensler at the “Dazed and Confused” digital assets hearing.
While the SEC focuses on investor protection, Pudgy Penguins CEO Luca Schnetzler believes that investors should also hold some form of accountability for their purchases.
US House lawmakers will hear from a former SEC commissioner and crypto industry leaders at their “Dazed and Confused” digital assets hearing on Sept. 18.
According to a popular pro-crypto attorney and Senate candidate, the SEC’s overreach into the crypto industry has cost retail investors over $15 billion in losses.