Bitcoin Rising to $57,000 Limit $55,763.36 As its price rose due to the impact of US data, things suddenly changed. SEC Following the announcement by the company, we saw that the sales accelerated and a long upper wick was formed near $57,000. BTC The gains that were made the minute the data came out were erased by just two 15-minute candles.
SEC Issues Cancellation Decision
After Salt Blockchain faced SEC in 2020, we resolved the issues with the institution. After that, we started to see news that the company was being discussed with buyers for sale. However, today the SEC made the following announcement and announced that the registration of Salt Blockchain’s securities was canceled due to violations of the rules. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
The reason for this is that some rules in the law were not followed;
- Salt Blockchain is a Delaware corporation with a class of securities registered with the Commission under Section 12(g) of the Exchange Act. Salt Blockchain has failed to comply with Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder by failing to file any periodic report with the Commission since the period ended December 31, 2021.
“Section 12(j) of the Exchange Act reads as follows.
The Commission has the authority to deny registration, suspend the effective date, suspend for a period not exceeding twelve months, or cancel the registration of a security if the Commission determines, after notice and opportunity for a hearing, that the issuer of such security has failed to comply with any provision of this title or the rules and regulations under this title, as it deems necessary or appropriate for the protection of investors.”
The SEC announced that it had decided to “revoke the registration under Section 12 of the Exchange Act of each class of securities of Salt Blockchain Inc. (CIK No.: 1686400) pursuant to this authority”.
This may not be the only reason for the decline because at the same time FedWatchAccording to , the expectation of a 50bp discount in the markets suddenly reversed. However, during this period, we did not see any trigger statements or different data from the Fed members. If you read the last minute announcement, We wrote that the BTC price showed a downward trend after the US market opening and that we could see the same thing today.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
