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Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC

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The U.S. Securities and Exchange Commission (SEC) charged crypto lender Nexo with failing to register the offer and sale of its Earn Interest Product (EIP). Nexo has agreed to pay a $22.5 million fine to the SEC and another $22.5 million to settle similar charges by state regulators.

coindesk