DeFi Funding Stalled: SEC Raises Concerns About Solana Project

A key DeFi fundraising effort has run into roadblocks from the Securities and Exchange Commission (SEC). Crypto firm DDC, aiming to develop decentralized finance projects on the Solana blockchain, encountered resistance from regulators who questioned whether their digital assets should be classified as securities. This setback highlights the increasing regulatory scrutiny facing crypto-related initiatives in the US.