Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC

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Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC

The U.S. Securities and Exchange Commission (SEC) charged crypto lender Nexo with failing to register the offer and sale of its Earn Interest Product (EIP). Nexo has agreed to pay a $22.5 million fine to the SEC and another $22.5 million to settle similar charges by state regulators. www.coindesk.com

The U.S. Securities and Exchange Commission (SEC) charged crypto lender Nexo with failing to register the offer and sale of its Earn Interest Product (EIP). Nexo has agreed to pay a $22.5 million fine to the SEC and another $22.5 million to settle similar charges by state regulators.

www.coindesk.com