If you thought two years was enough time to solve a Rubik’s Cube, apparently it’s also enough to investigate a fintech startup. The U.S. Securities and Exchange Commission-also known as the “Big Brother with a briefcase”-finally put down their magnifying glasses and decided that Ondo Finance, after a thorough probe, doesn’t warrant a single charge. No fireworks, no subpoenas, just a polite nod and a “carry on.”
The investigation, launched in October 2023 under the watchful eye of Gary Gensler (who probably has a spreadsheet for everything), delved into Ondo’s tokenized U.S. Treasury products like OUSG. A product so mysterious that even the IRS probably has it on their ‘do not disturb’ list. Meanwhile, they also debated whether ONDO tokens qualify as securities-because what’s life without a little unnecessary ambiguity?
In late November, Ondo received a formal notice-that’s right, a “you’re clear, go ahead and grow”-paving the way for U.S. expansion. They even went as far as registering as an investment advisor and snagging Oasis Pro Markets, which sounds less like a swamp and more like a fancy coffee shop. So, congratulations Ondo! Your two-year adventure in regulatory limbo has come to an end, and you can now legally do whatever it is you do-probably something innovative, or at least legally ambiguous. 🚀
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2025-12-08 18:17