According to Golden Finance, Joey Krug, partner at the venture capital firm Founders Fund, revealed at the ETHDenver meeting that the U.S. Securities and Exchange Commission (SEC) led by former chairman Gary Gensler, led by former chairman Gary Gensler, forced the founders of the decentralized finance (DeFi) platform to promise never to engage in the cryptocurrency industry. "The government found the founders of the DeFi agreement in many cases, basically telling them that they have to reach a settlement with us. In many cases, they ask for a document that promises to never be in the crypto industry anymore. And, because of the non-derogatory terms, these agreements cannot be discussed publicly," Krug said. He also claimed that the regulators threatened the founders: "If you don't agree with these terms, you'll be in jail." Krug said he initially did not believe the existence of these settlements until some unnamed founders showed him the content of the agreement, which did contain terms that "never engage in the crypto industry" and "no discussions to the outside world."