The United States Securities and Exchange Commission (SEC) has settled with decentralized finance (DeFi) protocol Rari Capital and its co-founders for allegedly misleading investors and unregistered broker activity. According to a Sept. 18 announcement, the SEC claimed that Rari Capital’s Earn and Fuse pools “functioned like crypto asset investment funds,” allowing investors to deposit crypto assets in lending pools and earn returns from their investments. The complaint alleges that Rari Capital conducted unregistered offers and sales of securities by selling interests in these pools and their…