<ul data-eligibleForWebStory="true"><li>The Securities and Exchange Commission (SEC) has halted DeFi Development Corp's $1 billion fundraising for investing in the Solana blockchain due to missing documentation.</li><li>The SEC found that the necessary internal controls report in the Form 10-K was missing, leading to the withdrawal of the filing by the firm.</li><li>DeFi Development Corp, formerly known as Janover, aimed to raise funds to buy Solana tokens for general corporate purposes.</li><li>The firm plans to refile in the future after addressing the compliance issues raised by the SEC. No securities were issued during this process.</li><li>The investment was focused on Solana due to its strong position in the crypto industry, aiming to benefit from potential staking rewards.</li><li>Solana tokens were intended to be purchased, with the expectation of generating returns from staking activities.</li><li>The future of this investment plan is now uncertain due to the SEC's intervention.</li></ul>

SEC Halts DeFi Development’s $1B Solana-Focused Fundraising

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