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California’s DFPI Targets 11 Crypto Firms Calling Them Ponzi Schemes
/ DeFi, Policy

California’s DFPI Targets 11 Crypto Firms Calling Them Ponzi Schemes

DFPI likened the behavior of 11 sued companies as reminiscent of pyramid, and Ponzi Schemes.

September 27, 2022
California, New York, and 6 Other States Sue Crypto Lender Nexo

California, New York, and 6 Other States Sue Crypto Lender Nexo

Eight states sued the crypto lender Nexo for allegedly offering unregistered securities and misleading investors that the company was in compliance with state laws.

September 26, 2022