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SEC reached a $10 million settlement with Poloniex over regulatory violations

U.S. Securities and Exchange Commission (SEC) today Announce It reached a $10 million settlement with the Poloniex cryptocurrency exchange, which allegedly provided an unregulated digital asset trading platform between July 2017 and November 2019.

The SEC stated that some employees of the cryptocurrency exchange “internally stated that they hope Poloniex will be able to “actively” trade new digital assets on the Poloniex trading platform, including digital assets that may be considered securities under the Howey test,” Efforts to increase market share”, sometimes “in or around August 2017”.

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