The Securities and Exchange Commission has announced a settlement with ShapeShift.

ShapeShift was originally known as an early crypto exchange that allowed users to swap cryptocurrencies without needing an account.

According to the SEC, the company — which wound down its traditional corporate structure in 2021 — offered and sold some securities. Though the settlement states that customers had access to 79 tokens, the SEC declined to specifically name which tokens the commission believes are securities. 

As part of the deal, ShapeShift agreed to pay $275,000 to the SEC. 

Read more: US judge questions SEC limits during Coinbase hearing 

SEC Commissioners Hester Peirce and Mark Uyeda…

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