WebJan 20, 2024 · Crypto lender Nexo has agreed to pay $45 million in fines to regulators due to regulatory violations and resolved to cease offering and selling the Earn Interest Product (EIP) to U.S. investors, according to a recent statement by the United States Securities and Exchange Commission (SEC). WebJan 20, 2024 · The US Securities and Exchange Commission (SEC) has levied a $45 million high-quality on Nexo Capital Inc. The SEC explains the explanation for the high-quality in a tweet, Today we charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP).
Nexo Settles with SEC for $45M: What You Need to Know!
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Crypto Lender Nexo Coughs Up $45M Fine to US Authorities
WebJan 20, 2024 · The US Securities and Exchange Commission (SEC) has levied a $45 million fine on Nexo Capital Inc. The SEC explains the reason for the fine in a tweet, Today we charged Nexo Capital Inc. with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). To settle charges, Nexo agreed to pay ... WebJan 20, 2024 · Published: January 20, 2024 │ 5:40 PM GMT U.S. regulators have charged crypto lender Nexo Capital with failing to register its retail crypto lending product before offering it to the public. The penalty serves as a reminder for other crypto companies to comply with securities laws and regulations. WebJan 20, 2024 · The US SEC files a limited objection to Binance.US' $1.02B bid for crypto lender Voyager's assets, asking for sufficient details on how Binance plans to pay (Nelson Wang/CoinDesk) By suing Genesis and Gemini over Gemini Earn in 2024, the SEC is years late to addressing the crypto lending product, which was marketed like a security (Matt … subs humanity orange