<p>Odaily News Joey Krug, partner of Founders Fund, said at the ETHDenver conference that the U.S. SEC, under the leadership of former Chairman Gary Gensler, forced the founders of DeFi platforms to permanently withdraw from the crypto industry through a settlement agreement.<br/> Krug revealed that the government had asked the founders of DeFi protocols to reach a settlement with the SEC and sign a statement promising to &quot;never work in the crypto industry again&quot;, and that the agreement usually contained clauses prohibiting public discussion. He pointed out that these founders did not break the law, and the government threatened them by putting pressure on them, saying that if they did not reach an agreement, they would face imprisonment.<br/> Krug said that he did not believe this at first, but some founders showed relevant agreements to confirm this. He also said that the founders can only disclose relevant content when Congress requires testimony. In addition, Krug mentioned that the Biden administration has restricted the development of the crypto industry through regulatory actions and bank pressure.</p>