DeFi Development Corp has run into a minor setback on its quest to raise $1 billion to buy more Solana after the US Securities and Exchange Commission knocked back its S-3 filing.
The Nasdaq-listed firm data-ct-non-breakable=”null” href=”https://www.sec.gov/Archives/edgar/data/1805526/000121390025053425/ea024543901-rw_defidevelop.htm” title=”null”>said in a statement to the SEC on Wednesday that it seeks to withdraw its previous registration statement because the commission found it wasn’t eligible to submit a Form S-3 after failing to include a management report on internal control over financial reporting before the due date.
A growing number of companies have been acquiring crypto for…

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