“Never work in Crypto again,” says Crypto VC: SEC has pushed Defi Execs to “Never work in Crypto again.”

During the era of former President Gary Ginsler, the US Securities and Exchange Committee used the settlements of the foundation of the decentralized financing platforms from working in the industry again, according to the Fund’s Fund partner, the Investment Capital Capital Fund, Joy Kraog.

“The thing that people really do not know is that the government, in many cases, went to the foundations of Defi Protocols […] “The conference told us at the Ethdeenver conference on February 27:” The conference told us at the Ethdenver conference on February 27:

He added: “In many cases, they said that you also have to sign something that says you will never work in Crypto again.” “By the way, this agreement, you cannot talk about it publicly because there is an unexplained condition.”

Krag’s claim adds to a Rumors of the encryption industry The “Capoint 2.0” operation, which says that the Biden administration tried to kill the local industry through the enforcement and pressure enforcement procedures Banks To cut or reduce services for encryption companies.

“These agencies will take mainly to the founders, and they will say,” Hey, if you do not agree to that, you will end up in prison. “

Krag said this Civil agencies The Ministry of Justice will have to provide criminal charges, but “none of these matters has been referred to the Ministry of Justice yet.” He also claimed that “any of these founders has already broke the law.”

Krag said that at the beginning, “he really did not believe”, such settlements existed, but some of the founders – whom he did not call – later showed him their agreements.

Certainly, there are periods that say you can never work in Crypto again [and] You can’t talk about this for anyone. ”

“It was just a crazy and crazy administrative state that went out of control.”

SEC did not immediately respond to a request for comment.

Related to: SAGA CEO discusses Crypto Industry to the Republican Party – Ethdeenver

Since 1972, SEC has included a “gag base” in its settlements The defendants are prohibited from criticizing Agency’s claims – The condition said Commissioner Hyster Peres, “undermines organizational integrity.”

Krag said that the only way that Defi founders can comment on the settlements is if Congress asked them to testify. He added that there are “many founders who love to talk about how the government really breaks them if Congress asked them to testify.”

Earlier this month, the Federal Deposit Insurance Institution for the bank was issued Almost 800 pages From the so -called “temporary interruption letters” that sent banks and financing companies to their encryption services.

House of Representatives and American Sheikhs held Crypto Debanking sessions In early February, which heard from the executives for encryption about their supported dealing with an attempt to reach financial services under the Biden Administration.

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Additional reports from Turner Wright.