More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo

news.bitcoin.com

Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo's Earn Interest Product (EIP) may be in violation of securities laws.

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Timeline of Nexo


California Hits Nexo With Cease & Desist Notice, Citing Investor Protection Issues - BeInCrypto

The California Department of Financial Protection (DFPI) has issued a cease and desist order against crypto lender Nexo Group for offering yield-bearing accounts. The post California Hits Nexo With Cease & Desist Notice, Citing Investor Protection Issues appeared first on BeInCrypto.


California files order against Nexo interest account, says it's 8th state to take action - Cointelegraph

The state Department of Financial Protection & Innovation says the crypto-interest account is an unqualified security; Nexo has limited the accounts since the BlockFi settlement with the SEC.


New York, California sue crypto lender Nexo over interest account registration - Reuters

Cryptocurrency lender Nexo Group has been sued by authorities in New York and California for allegedly failing to register its Earn Interest Product, as U.S. regulators crackdown on digital asset platforms rocked by a crypto winter in recent months.


California issues cease-and-desist against crypto lender Nexo - The Block

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 post California issues cease-and-desist against crypto lender Nexo appeared first on The Block.


Nexo launches NEXO Pro for retail clients, will this affect the token's price? - Invezz

In the latest cryptocurrency news surrounding Nexo, the platform has now released Nexo Pro for traders. This is the latest move in a succession of forward steps for the Nexo team, who recently offered to buy-out Celsius, an insolvent competitor lender.


Nexo Injects Additional $50 Million to Third Buyback Program - Crypto news

Cryptocurrency lending platform Nexo has injected more funds into its buyback program, which will enable the company to discretionary and periodically repurchase its native token, NEXO.


Nexo continues progress as competitors lag - Invezz

The phrase “crypto lending” has taken on somewhat of a dirty meaning this year. The collapse of Terra in May sparked a wave of contagion which spread across the industry. This ultimately caused many firms to go under, several of whom were in the CeFi space – most notably Celsius.


Nexo Allocates $50M For Its Token Buyback Initiative - DCForecasts

Nexo allocates $50M for its token buyback initiative, as the cryptocurrency exchange said on August 30 that it will conduct discretionary and periodic buyback of the NEXO token on the open market. According to the company's announcement, this would be the exchange's second investment in repurchasing its tokens this year.


Nexo commits more funds to buyback initiative, NEXO token price takes off - Invezz

The price of NEXO tokens has jumped to a daily high of $1.15 hours after Nexo announced that it will commit additional funds to its buyback initiative. At press time, NEXO was trading at $1.06 up 5.40% in the past 24 hours. Its Fully Diluted Market Cap has also surged by 5.41% to $1,056,936,666.


Crypto Lender Nexo allocates $50M to buyback its native token - CryptoSlate

Crypto lending platform Nexo has allocated $50 million to buy back its native NEXO token as part of an ongoing initiative designed to bolster the stability and profitability of its ecosystem. The post Crypto Lender Nexo allocates $50M to buyback its native token appeared first on CryptoSlate.

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