The Securities and Exchange Commission (SEC) has charged crypto firm Nexo Capital with failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP).
To settle the SEC’s charges, Nexo agreed to pay a $22.5 million penalty and cease its unregistered offer and sale of the EIP to US investors.
Additionally, Nexo agreed to pay an additional $22.5 million in fines to settle similar charges by state regulatory aut...
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