The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020 market crash.
The government agency not only “piggybacked” off of the DOJ’s case, but is using it as a way to define some tokens as securities, Perianne Boring, the Chamber of Digital Commerce’s founder, told “First Mover.”