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The Street
The Street
By Rob Daniel In the first order of its kind, the SEC declared that what the Jersey City, N.J., firm called BlockFi interest accounts were securities and required registration. The crypto company BlockFi agreed to pay $100 million to settle Securities and Exchange Commission and state charges that it failed to register with regulators that it offered and sold a lending product. In the first order of its kind, the SEC declared that what the Jersey City, N.J., firm called BlockFi interest accounts were securities and required registration. Beginning March 4, 2019, BlockFi offered and sold the ac…
