Yzi Labs announced a $16 million investment in Sign, an on-chain infrastructure for token distribution and voucher verification. It is reported that Sign is aggregating verified credentials on the chain to build a larger network, thus creating a more transparent and secure token distribution infrastructure.
Gary Gensler, chairperson of the Securities Exchange Commission (SEC), said: "I believe the SEC has the legal tools to secure cryptocurrencies and, without prejudice, not all crypto tokens are securities."