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SEC Drops 50-Year 'Gag Rule' in Settlements
Published 5 days, 23 hours ago
Description
The SEC has abolished a 50-year-old gag rule that required settlers to remain silent and not deny agency claims. This change, which aligns the SEC with other federal agencies, is particularly significant for crypto companies that have often felt restricted by this rule. The SEC may still require admissions of certain facts or liability in future settlements, marking a substantial shift in enforcement actions.
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