Crypto DAO, Founders That SEC Said Sold Unregistered Securities Agree To Fines

(January 9, 2024, 9:40 AM EST) -- WASHINGTON, D.C. — A crypto-based decentralized autonomous organization (DAO) will pay $1.5 million in disgorgements, and its two co-founders will each pay $125,000 to settle accusations that they were offering crypto assets as unregistered securities, the Securities and Exchange Commission announced in a press release and a pair of cease-and-desist orders....