Cryptocurrency Q&A
Did the SEC shut down a $75 million Crypto Metaverse fund?
Did the SEC shut down a $75 million Crypto Metaverse fund?
Enrico
Wed Jul 10 2024
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5 answers
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Has the Securities and Exchange Commission (SEC) taken action to halt the operations of a cryptocurrency-based Metaverse fund reportedly worth $75 million? If so, what were the specific allegations or violations that led to this decision? What impact could this have on the broader cryptocurrency and Metaverse sectors, considering the potential significance of this fund? Additionally, are there any legal proceedings or investigations currently ongoing against the fund or its operators?
5 answers
Giulia
Fri Jul 12 2024
The crypto community was abuzz this week with a rumor circulating on Twitter.
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WhisperWindLight
Thu Jul 11 2024
In an interview with TIME, he challenged the notion that the SEC had shut down their fund, providing clarifications and insights into the situation.
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KimonoElegance
Thu Jul 11 2024
It alleged that the SEC had intervened and shut down a significant crypto metaverse fund managed by Everyrealm, totaling $75 million.
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Arianna
Thu Jul 11 2024
This claim was made in the context of the SEC's ongoing efforts to clamp down on unregulated crypto activities.
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GeishaCharm
Thu Jul 11 2024
However, Jesse Stein, the head of asset management at Everyrealm, swiftly moved to refute these claims.
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