by: xpoolPosted on:

SEC Delays $1 Billion Solana Fundraise After Missing Documents

The U.S. Securities and Exchange Commission (SEC) has rejected DeFi Development Corp’s application for a $1 billion fundraise aimed at investing in the Solana blockchain network. The rejection stems from incomplete documentation, specifically the absence of an internal control report required for Form 10-K filings, according to the SEC. The commission emphasizes the importance of complete and compliant submissions to ensure market integrity and protect investors.

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