SEC fines crypto lending company BlockFi $100M, which will register its high-yield crypto savings product and offer it as a security as part of the settlement
The Block
Related Coverage
- Statement Statement on Settlement with BlockFi Lending LLC U.S. Securities and Exchange Commission
- The crypto regulation era is here Protocol
- A Letter from Our Founders: Pioneering a Path Forward to Regulatory Clarity BlockFi
- BlockFi Settles With SEC For $100 Million After Lending Products Declared Securities Crypto Daily
- BlockFi Moves to Register Lending Product With SEC CoinDesk
- BlockFi Pays $100 Million Penalty to SEC Over Crypto Lending Product The Mac Observer
- Crypto lending company BlockFi to pay $100 million fine over charges it broke securities laws Washington Post
- Crypto Lender Agrees to Pay $100m in Fines infosecurity-magazine.com
- BlockFi Agrees to Pay $100M to SEC and 32 States Over Registration Charges Coinspeaker
- What the BlockFi SEC Settlement Means for Bitcoin and Crypto Lending Decrypt
- SEC ratchets up crypto crackdown Axios
- In SEC settlement, BlockFi agrees to pay $100M and register crypto lending service SiliconANGLE
- SEC hits BlockFi with a $100 million penalty, gives 60 days to comply with a 1940 law Cointelegraph
- SEC issues warning to crypto lenders as BlockFi hit with $100m in fines ZDNet
- BlockFi to Pay $100 Million to SEC, States on Crypto Lending Bloomberg
- Crypto Mom On BlockFi Case, $100M Fine Seems “Disproportionate” Bitcoinist.com
- SEC, states hit crypto lender BlockFi with $100M penalty Politico
- BlockFi Settles with the SEC, Pays $100 Million in Penalties Crowdfund Insider
- Crypto lender to pay $100 million over alleged securities violations Engadget
- BlockFi, a crypto firm, reaches a $100 million settlement for failing to register loan products. New York Times
- BlockFi will pay $100 million in a settlement with SEC and states over its interest accounts The Verge
- BlockFi, SEC Reach $100M Settlement Crypto Briefing
- Crypto Loans Service BlockFi Pays Record $100 Million SEC Penalty VICE
- Crypto lender BlockFi to pay $100M to settle with SEC, states Payments Dive
- Peirce dissents from SEC's US$100M BlockFi settlement Forkast
- Crypto platform BlockFi to pay $100mn penalty over interest-bearing accounts Financial Times
- Crypto lending firm BlockFi to pay $100 mln to settle U.S. SEC, state charges Reuters
- BlockFi to Pay Record Penalty to Settle SEC Probe of Crypto Lending Business Wall Street Journal
- BlockFi To Pay $100M In Penalties Over Crypto Interest Accounts Benzinga
Discussion
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@erikvoorhees
Erik Voorhees
on x
It's disgraceful that regulators are stealing $100m from BlockFi. They did nothing wrong; they harmed nobody. They built a great company that provides a service customers love. https://www.coindesk.com/... via @coindesk
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@kevinroose
Kevin Roose
on x
“Everyone on crypto Twitter seems really excited for BlockFi today, wonder what kind of good news they announced” [15 seconds of googling] “oh” https://twitter.com/...
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@soldthebottom
Hemba
on x
“Lurking behind the legal analysis, however, is an important question: Is the approach we are taking with crypto lending the best way to protect crypto lending customers? I do not think it is, so I respectfully dissent.” https://twitter.com/...
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@johnedeaton1
John E Deaton
on x
No reasonable person, however, can objectively look at the approach being taken by @GaryGensler and the SEC, related to digital assets, and suggest that it is in the best interests of investors and consumers. Don't take my world for it, take Crypto-Mom's. @HesterPeirce https://tw…
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@blockfi
@blockfi
on x
As part of this resolution, we will be starting the registration process with the SEC for the offering of BlockFi Yield as a new crypto interest-bearing security. For more, please see our blog post: https://blockfi.com/...
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@ryan_browne_
Ryan Browne
on x
BlockFi agrees to pay $100m to the SEC and 32 states to settle charges in relation to its popular crypto lending product. The Peter Thiel-backed startup will temporarily cease offers and sales of its interest-bearing savings accounts: https://www.sec.gov/...