| Comments: |
The Tribunal concluded that the Respondents had committed alleged breaches of the Securities Act by, in particular, soliciting and selling a form of investment subject to the Securities Act to the investing public—in this instance, investment contracts in the form of cryptoassets called FCF and ZYPTO—through centralized and decentralized cryptoasset trading platforms. The Tribunal determined that immediate action was needed on its part to prevent the assets alleged to have been harvested from the investing public from being dissipated or placed out of the regulator’s reach.
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