AC: The SEC investigation that began in 2021 caused him to disappear from the DeFi field

Yearn Finance (YFI) founder Andre Cronje revealed that he has disappeared from the DeFi field due to an investigation by the US Securities and Exchange Commission (SEC) that began in 2021. More and more investigations seem to be aimed at finding violations of securities laws.

Cronje explained that recent changes in SEC personnel and direction prompted him to share his story. After Trump took office, the SEC abolished some of the policies of the Biden era. There are rumors that the SEC may withdraw charges against some digital asset companies such as Ripple.