A news release published by the New Jersey government web portal indicates that the cryptocurrency lending platform Celsius has been sent a cease and desist order from the New Jersey Bureau of Securities. Furthermore, the Texas State Securities Board has ordered Celsius to appear at a hearing and is also threatening with a cease and desist. Regulators are not taking too kindly to platforms that offer high-yield interest rates on various cryptocurrencies.
New Jersey Regulators Send Cease & Desist to Celsius Over ‘Earn Rewards Accounts’
U.S. regulators from the Securities and Exchange Commission (SEC), politicians, and securities watchdogs from single states have targeted centralized exchanges, decentralized finance (defi), and more specifically platforms that offer yields.
In recent times, Blockfi had issues with regulators in New Jersey and Vermont, Texas, Alabama, and Kentucky. The state watchdogs had problems with the firm’s Blockfi Interest Accounts (BIA). Even Coinbase CE
Źródło: https://news.bitcoin.com/securities-watchdogs-file-orders-against-crypto-lender-celsius/
