What the BlockFi SEC Settlement Means for Bitcoin and Crypto Lending

From decrypt.co

Crypto lending firm BlockFi must pay $100 million to federal and state securities regulators to settle charges that it failed to properly register its high-yield Blockfi Interest Accounts (BIAs), according to a press release Monday from the Securities and Exchange Commission. The news first broke late Friday night and was confirmed with details by the agency this morning. Lawyers within the crypto space say that while the terms of the settlement may provide a regulatory playbook for centralized crypto firms, they could signal danger for DAOs and lead to worse choices for consumers. BlockFi makes money, in part, by ... (full story)