@cryptotalk96 17 March 2022 more from that month

"Our message to them is not, 'Register your product and we'll just ignore the billions you have under management in this crypto lending product and your violations of the securities laws,’" said Grewal, who joined the SEC in July. This was the statement given to crypto companies that self report violations of securities rules to the SEC. Interestingly, the slap on the wrist fine approach has been used ridiculously frequently by the SEC regarding traditional finance companies. A fine has been normative operations, but just depends how close you are to the SEC? Source: https://www.reuters.com/legal/government/exclusive-us-secs-enforcement-cop-says-crypto-company-amnesty-is-not-table-2022-02-28/