BlockFi will also pay another $50 million to various state regulators, according to the report. The BlockFi Interest Accounts have faced scrutiny from securities regulators in New Jersey, Texas, Kentucky, Alabama and Vermont over the offering. Several of these states planned or issued cease-and-desist orders as part of their investigations throughout 2021.
Related posts
-
Michael Saylor’s MicroStrategy (MSTR) Upsizes Convertible Note Offering to $700M
MicroStrategy started buying the oldest and largest crypto asset in 2020 for its treasury. Now, it... -
MicroStrategy upsizes convertible offering to $700m to buy Bitcoin
MicroStrategy has revealed the pricing of its convertible senior notes offering of $700 million. The announcement... -
US Spot Bitcoin ETFs Reverse Outflows With $100M Inflows
U.S. spot bitcoin exchange-traded funds (ETFs) experienced inflows on Wednesday, following two consecutive days of outflows....