SEC launches investigation for a cryptocurrency platform

SEC management announced that an investigation has been launched against Secured Automated Lending Technology (SALT), which offers loans secured with cryptocurrencies and has managed to make a name for itself in this regard recently. While providing loans with cryptocurrencies has been shown as one of the most risky transactions of recent times, not only that, but it is still not fully understood that loan collaterals are in cryptocurrencies. While large companies think that millions of dollars of collateral can be offered with cryptocurrencies, they do not yet use cryptocurrencies as collateral, except for the USA and a few Asian countries. Considering that they can even accept cryptocurrencies, it will be seen in a short time how much an investigation opened for Secured Automated Lending Technology (SALT) has had on this issue. It is certain that new steps will be pending during this investigation for a certain period of time, since the SEC has given very heavy penalties in the investigations it opened before.