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The SEC charged Draper, Utah-based DEBT Field, in addition to the corporate’s 4 principals and 13 different defendants, with working a scheme that started in March 2021 to promote unregistered securities referred to as “node licenses.” Defendants instructed traders that the licenses would mine cryptocurrency that will enhance in worth, when in actuality, defendants have been creating the crypto instantaneously utilizing code on a blockchain, in keeping with the SEC.
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