Andre Kronje Opens Up on SEC Harassment: The True Story

We're still waiting for many intriguing stories about the “effective” work of the previous regulator. Recently, it came to light why Andre Kronje, once a prominent figure leading several high-profile projects, the founder of Yearn Finance, quietly stepped away from the public eye in 2020. 

Then he expressed his disappointment with DeFi, and walked away from several projects he founded. They thrived until he announced his departure. He has since focused on development without seeking attention. 

However, Kronje recently resurfaced, revealing the true reasons behind his departure. It turns out that the SEC began to pursue him, bombarding him with letters. The regulator demanded explanations on various aspects of his work. At some point, Kronje realized that these distractions were consuming all his time. Constant interactions with the SEC left no room for development. After consulting with his partner, he made the decision to leave the DeFi industry altogether. If this is not abuse, then what? This is a clear example of government’s overreach. It raises the question: where is the line between regulation and interference?

Andre Kronje is returning to DeFi now, as more favorable conditions have been created for its growth.

#kronje #defi #SEC