Ripple (XRPUSD)

[KC01905]

Dude … every one using NEXO listen up. Good f’ing news.


We are pleased to announce that Nexo has reached a landmark resolution with the U.S. Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA), consisting of all 50 U.S. States and three territories, the Attorney General of New York, the Texas Department of Banking, the Washington Consumers Services Division and the Alaska Division of Banking and Securities.
Important characteristics of the settlement with U.S. Federal regulators include:
The settlements are on a no-admit-no-deny basis.
The sole allegation has been that Nexo’s Earn Interest Product (EIP) was an unregistered securities offering.
This closes all multi-year-long inquiries into Nexo, looking at various aspects of the business, following the company’s voluntary decision to stop offering its EIP in the U.S., Nexo’s proactive exit from the U.S. market in an orderly fashion, and an agreement to pay a fine payable over 12 months or some crap like that. The End.