The post SEC Blocks $1B Solana Investment Plan Over Missing Paperwork appeared first on Coinpedia Fintech News
The U.S. Securities and Exchange Commission (SEC) has halted DeFi Development Corp’s $1 billion registration filing, which aimed to fund a large-scale investment in Solana. Solana was selected due to its position as the sixth-largest cryptocurrency by market cap and its growing relevance in the DeFi ecosystem. The move comes after the SEC flagged the …