We want to provide an update on the current battle https://t.co/HrbX93fwkq finds itself in with the SEC. We are pleased to inform you that the Court did not grant the SEC’s request for a TRO and freeze of assets on our platform which was clearly unjustified by both the facts and the law.
Instead, we were able to reach a Court-ordered agreement with the SEC that allows us to continue our ordinary course business. There has never been any evidence presented by the SEC concerning mis-use of customer assets. In fact, the SEC lawyers conceded in Court earlier this week, when asked by the Judge, that they had no evidence suggesting that any such thing had occurred.
The SEC’s request would have effectively shuttered our business, which is consistent with the agency’s continued attempts to kill the crypto industry by any means, even by making allegations that are not supported by the facts.
This fight has damaged our business and our reputation but not our fighting spirit or our resolve to defend ourselves against unwarranted charges and “regulation by enforcement” tactics that do not belong in our system of justice.
We look forward to continuing to defend ourselves in court.
Whoahhhh!
Casten is in the voting stage to get listed on @thedapplist.
Support @casten_labs's journey toward transforming the lending landscape by voting for it. 🗳️⬇️
https://t.co/Bj8Sd9WTRG
Wait, Don't know what Casten is? Check out 🧵👇🏻
🏷️ @Casten_labs is now building its Private Credit Marketplace #onPolygon
🏷️ #Casten is a DeFi lending protocol where real-world businesses can borrow efficient and risk-priced capital, enabling investors to earn differentiated yields across an array of trade finance and loan products.
🔽VISIT
https://t.co/cMPoti1cqV
4/ QuickCheck uses behavioural data, machine learning and AI to profile borrowers and has a proprietary credit scoring model to ensure quality of borrowers on their App. They've already disbursed $50M+ in loans to date.
3/ QuickCheck will use proceeds from the pool to fund its existing lending business. The team has deployed an effective risk management framework that leverages data science, fraud elimination and business intelligence systems to maximise returns and minimise non-performing loans
Yesterday's Axios Crypto newsletter tells the story of how on-chain assets backed by real-world collateral have continued to thrive despite the bear market
Featuring @rwa_xyz data and quotes from our founders!
Link below 👇