California’s Department of Financial Protection and Innovation issued a cease and desist against crypto lender Nexo Monday over its crypto interest-bearing accounts. The Department of Financial Protection and Innovation considers these accounts securities.
New York’s Attorney General announced a lawsuit against Nexo, accusing it of selling unregistered securities in the state.
When you can't come up with anything but fake news, this is what you come up with.
The states in question couldn't even take 2 minutes of their time to check if Nexo gives interest to US users (They don't). Why wouldn't they go after firms like Celsius which they have more than enough proof or reason to investigate but target the only compliant survivor? Think
Please. This is not true. Do not be naive, people!
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