A U.S. District Judge has sided with the Securities and Exchange Commission (SEC) in its lawsuit against crypto wallet Rivetz. This significant ruling was revealed in court documents released on October 1.
Judge Mark Mastroianni granted the SEC’s motion for summary judgment, asserting that Rivetz sold unregistered securities, thereby violating federal laws. The decision was made based on substantial evidence presented, negating the need for a trial.
This case marks a crucial moment in the ongoing scrutiny of cryptocurrency platforms and their compliance with regulatory standards.
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