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Friday, dec 20
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BlockFi Lending LLC
News
Nj-b
ased Crypto Firm Will Pay SEC, States Unprecedented $100M Penalty
A Jersey City-based cryptocurrency company will pay a record $100 million to settle alleged violations of investor-protection laws, state and federal authorities jointly announced. BlockFi Lending LLC neither admitted nor denied any wrongdoing when it agreed to the highest fine ever by a cryptocurrency company, Acting New Jersey Attorney General Matthew J. Platkin said on Monday, Feb. 14. However, it did take a different course than many of its crypto rivals by not fighting the fine. Of the total, $50 million will be paid to the U.S. Securities and Exchange Commission, and up to $50 millio…
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