Two crypto-based funds slammed by SEC
Cease-and-desist orders have been issued by the U.S. Securities and Exchange Commission against the Crypto Asset Management LP (CAM) and the TokenLot LLC and their founders. The authority slammed the Crypto Asset Fund LLC with a $200,000 fine payable in installments over a period of 300 days. The TokenLot LLC is ordered to pay $478,989 in 360 days.
