SEC Cracks Down on Nexo for Unregistered Crypto Lending

SEC Cracks Down on Nexo for Unregistered Crypto Lending

SEC Cracks Down on Nexo for Unregistered Crypto Lending
  • SEC charged Nexo Capital Inc. for failing to register the offer and sale of EIP.
  • Nexo agreed to pay a $22.5 million penalty and stay its unregistered offer and sale of the EIP.
  • Participants of the crypto physique of workers retaliated in opposition to the actions of the SEC.

The US Securities and Alternate Fee (SEC) charged Nexo Capital Inc. for failing to register the offer and sale of its retail crypto asset lending product, the Originate Passion Product (EIP). Admitting to their mistakes, Nexo agreed to pay a $22.5 million penalty and stay its unregistered offer and sale of the EIP to U.S. traders.

According to an SEC …

The put up SEC Cracks Down on Nexo for Unregistered Crypto Lending seemed first on Coin Edition.

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