The U.S. Department of Education requires top universities to disclose their relationships with Crypto Assets companies.

[Chain News] Top universities in the United States are involved in a Crypto Assets fraud case, becoming accomplices of the scam group.

Recently, U.S. Secretary of Education Miguel Cardona sent letters to several top universities, requesting them to disclose their connections with Crypto Assets companies. This letter was sent after the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against a trading platform and its founder.

The SEC has charged the trading platform and its founder with fraud and unregistered securities trading. The lawsuit documents show that the platform used its partnership with well-known universities to enhance its legitimacy.

SEC Chairman Gary Gensler stated: "We are charging a certain trading platform and its founder with ignoring investor protection rules and misleading investors into believing their trading platform is safe, while in fact their statements are all false."

Education Secretary Cardona stated in a letter: "We are deeply concerned about these allegations, especially considering the important role these institutions play in higher education." He has requested that universities provide details about their collaboration with Crypto Assets companies within 30 days.

This incident has raised concerns about the relationship between higher education institutions and the crypto assets industry. Critics argue that partnerships between universities and crypto asset companies may mislead students into thinking that these companies are legitimate and safe.

However, supporters of Crypto Assets believe that collaboration between universities and the industry is crucial for driving innovation and education.

Regardless, this case highlights the complexity of regulating the Crypto Assets industry and the challenges that educational institutions face when collaborating with emerging technology companies.