The United States Securities and Exchange Commission is reportedly reviewing some of the high-yield crypto lending products offered by Gemini, Celsius Network and Voyager Digital.published on Bloomberg, the SEC is conducting an inquiry into digital asset lending services.
The main focus of the inquiry is reportedly around whether the crypto lending services could be considered securities and, therefore, must be registered with the commission.The SEC’s main concern reportedly lies with the high-yield offering by crypto lending services, which are often considerably higher than most savings banks. The interest rates
And if you continue to protect the likes of lyu_johnny they will continue to probe! They will end up footing the bill for their deceit, scams and stealing. U have a responsibility to hold them accountable and be objective. But u jumped into bed with lyu_johnny
The SEC wants to protec you from 1000000000000% APR
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'The SEC’s main concern reportedly lies with the high-yield offering by crypto lending services, which are often considerably higher than most savings banks. The interest rates offered range anywhere from 3% to 18%, while traditional banks’ savings accounts offer less than 0.1%'
They basically saying why you messing up our shit that rate is too high you making poor ppl richer SHOULD BE THE OTHER WAY ROUND 😩😩😩
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