Ripple (XRPUSD)

[MindlessSelf]

It reads all warm and fuzzy but this is the key piece that answers your question.

“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 monetary penalty, payable over a 12-month period.”


Translation: Nexo was fined and has 12 months to pay for an unregistered security and they agreed to fully exit the US. So our government has kicked them out. I say this very sarcastically. Thank you SEC from protecting us from earning some interest on oht crypto and for chasing one of the very few companies who was doing it right.