Does the settlement harm the Sia project?

It does not. The SEC did not take any enforcement action with respect to the Siacoin token or any current activity on the Sia network. The SEC did not pursue any criminal action against Nebulous or Sia core developers.

In fact, the cryptocurrency community may decide that the settlement strengthens the Sia project, as the SEC did not take any enforcement action with respect to the Siacoin token.

Sia Press Release

SEC-Issued Settlement

Administrative Summary

Waiver

Waiver Request Letter


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