The crypto lending platform Nexo has reached a settlement with the U.S. SEC and will pay a fine of $45 million
ChainCatcher news, according to CoinDesk, the crypto lending platform Nexo has reached a settlement with the U.S. Securities and Exchange Commission (SEC) and will pay a $45 million fine and cease offering the "Earn Interest Product (EIP)." Nexo has agreed to pay the SEC a $22.5 million fine and an additional $22.5 million to settle similar charges brought by state regulators.
According to previous reports by ChainCatcher, Nexo began offering EIP to U.S. customers in June 2020, and the SEC had previously accused Nexo of issuing and selling EIP without registration. (source link)
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