The SEC will prohibit operators from taking a deposit of digital assets with a promise to pay returns to depositors —even if the returns come not from the growing value of the assets but from the promotion budget.
In principle, the regulator intends to ban any staking and lending services from the “digital asset business operators” to protect traders and the general public from the “risks of such transaction providers.”
The planned ban includes several principal points. It will prohibit operators from taking a deposit of digital assets with a promise to pay returns to depositors —even if the returns come not from the growing value of the assets but the promotion budget. Advertising of lending and depositary services would also be banned.
Crypto lending platforms got themselves in serious trouble this summer amid the general market meltdown, such companies as Celsius Network and Voyager Digital have
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