NEXO settles SEC charges

Yugocean

Notable

Member

Jun 23, 2022

1,221

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• Jan 21, 2023

• #1

US SEC has charged NEXO for its activities, and NEXO has agreed to settle case with SEC and pay fine. This way NEXO will appeal for licence from SEC first.
Now what you think, is that right step by NEXO?

 

Magnus2022

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Nov 25, 2022

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• Jan 27, 2023

• #2

Absolutely interesting! I love how United States institutions and organizations use to place the safety of the citizens above individual preference. Nexo know they are at fault and the only thing is to pay the fine or else lose their license.

 

Heatman

Team Lead

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Jun 14, 2022

5,831

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• Jan 27, 2023

• #3

Is this something that's similar with what Ripple faces at the moment as well? I hope they get out of it in one piece.

 

nomad

Very Familiar

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Jun 22, 2022

10,992

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• Mar 16, 2023

• #4

I was not aware of these charges. I have used Nexo in the past to earn interest on my assets, but I never borrowed funds on Nexo. I stopped using Nexo a long time ago.