Bitcoin (BTC) firebrand Michael Saylor says the U.S. Securities and Exchange Commission (SEC) would be right to shut down essentially all altcoins which he says are being sold as unregistered securities.
The Securities and Exchange Commission (SEC) has launched an investigation into Bored Ape creator Yuga Labs. The investigation has been launched by Scott+Scott Attorneys at Law LLP, a litigation firm based in New York. The SEC is investigating the unregistered public offerings of ApeCoin tokens and virtual land in its metaverse. The company has raised over $320 million in cryptocurrency.