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Coin Edition

2023-01-20 10:04:34

SEC Cracks Down on Nexo for Unregistered Crypto Lending

SEC Cracks Down on Nexo for Unregistered Crypto Lending

The US Securities and Exchange Commission (SEC) charged Nexo Capital Inc. for failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). Admitting to their mistakes, Nexo agreed to pay a $22.5 million penalty and cease its unregistered offer and sale of the EIP to U.S. The post SEC Cracks Down on Nexo for Unregistered Crypto Lending appeared first on Coin Edition .

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