The SECURITIES AND EXCHANGE Commission (SEC) of the United States interrupted the registration file of $ 1 billion in Development Corp, which aimed to finance a large-scale investment in Solana. Solana was selected due to its position as sixth cryptocurrency by market capitalization and its growing relevance in the DEFI ecosystem. This decision comes after the SEC reported the deposit for missing a key requirement, a report of internal controls in form 10-k of the company.
Deposit removed, but the plans remain intact
Originally deposited in April 2025, the registration would have enabled Defi Development Corp, formerly known as Janover, collect funds to buy Solana tokens and benefit from potential ignition rewards. However, the absence of the required financial control reports led the deposit deemed ineligible, forcing the company to withdraw its request.
Despite the reverse, Defi Development indicates that he intends to refresh himself after having resolved the question of conformity. The company also said that no titles had been issued during this process. This sparked the immediate withdrawal of the proposal.
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Focus on Solana investment
Solana remains at the heart of the Development Development Strategy, the company highlighting its potential on the market and the implementation of return opportunities. The increase of $ 1 billion was aimed at reflecting a strategy similar to a Bitcoin style investment plan, focusing on long -term gains thanks to the acquisition of tokens and the awards of sticking.
Regulatory prospects and market impact
The SEC decision has temporarily put the crypto plan of $ 1 million in Development, but it also means that people are wondering how strict the American regulators will be with similar cryptography plans in the future. The company says it will solve the problem of documents and will soon try. Even if it is a delay, they are still focusing on the purchase of Solana in the long term. For the moment, everyone is looking to see if it indicates a more difficult position on major cryptographic investments.
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Faq
Despite the drying of the dry, Defi Development Corp intends to refresh itself after having solved the compliance problems. Their long -term strategy to acquire and enjoin Solana tokens remains intact, signaling persistent confidence.
Yes, this delay could point out an increased examination for other cryptography companies planning large purchases of token, which encourages them to guarantee rigorous financial controls and disclosure reports for dry deposits.
Stricter regulations could promote greater investor confidence and attract more institutional capital by providing clearer directives. However, this could also increase the costs of compliance for companies, which potentially slows down a certain innovation or limiting access to certain participants.
