"You gonna do somethin'? or are you just gonna stand there and bleed?" - Wyatt Earp
As the crypto marketplace rambles low, lower, and lowest (is there a bottom?), the eyes of the SEC are honing in on corporate balance sheets, disclosures, and valuations associated with the variety of instruments at risk. Some have dropped the F-bomb (fraud for the G-rated crowd) and allegations of improprieties will surely pick up steam as the impacted crypto investors surface with pleadings. The SEC Enforcement arm is manning up. The fall-off in the market causes pressure on recent valuation credibility and of course, the damage to investor confidence is apparent. It is unclear how this will end up other than the bleeding will eventually stop and the usual suspects will be rounded up. More to follow...
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