NEXO settles SEC charges

[Yugocean]

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]

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]

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]

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.