The cryptosphere has one of its entities running into some major issues with the regulators.
The U.S. Securities and Exchange Commission has been quite busy these days going after companies. This time, it has its whip readied against crypto firm Hydrogen, who it accuses of selling unregistered securities.
Hydrogen’s market maker Moonwalkers Trading and its CEO Tyler Ostern and Michael Ross Kane, former Hydrogen CEO, are included in the charges for alleged manipulation of crypto assets.
According to the press release on September 28: