Linus Financial, which was accused of offering unregistered crypto lending products, has reached a settlement with the SEC

ChainCatcher news, according to information from the SEC official website, Linus Financial, which was accused of offering unregistered crypto lending products, has reached a settlement with the SEC.

The SEC stated that due to Linus Financial's cooperation and timely remedial actions, it decided not to impose civil penalties. Stacy Bogert, Deputy Director of the SEC's Enforcement Division, stated in a statement that while the SEC will continue to hold companies accountable, it "also encourages companies to cooperate and take corrective action promptly when issues arise."