SEC scrutinizes cryptocurrency companies over services that pay interest

The U.S. Securities and Exchange Commission (SEC) is investigating cryptocurrency exchanges Voyager Digital and Gemini Trust, as well as cryptocurrency lender Celsius Network, as part of a broader investigation into cryptocurrency firms that pay interest on virtual token deposits, Golden Finance reports. The agency is considering whether the companies should file their offerings as securities with the SEC, but the agency has not accused any of the companies of wrongdoing. By lending their tokens to other investors, these companies can pay higher interest on these assets than savings accounts at most banks. Currently, Gemini, Celsius and Voyager say they are cooperating with the SEC’s investigation. (Coindesk)

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