What is the point of a $275,000 fine? This week, crypto OG Erik Voorhees’ exchange ShapeShift settled charges with the U.S. Securities and Exchange Commission (SEC) over alleged securities law infractions. The exchange, which decentralized its ownership structure by launching a DAO that oversees operations in 2021, agreed to pay a $275,000 fine to settle the charges, neither agreeing nor denying guilt.
Shapeshifting Justice: The SEC’s Weakest Case Yet
