SEC charged Nexo Capital Inc. for failing to register the offer and sale of EIP.

Nexo agreed to pay a $22.5 million penalty and cease its unregistered offer and sale of the EIP.

Members of the crypto community retaliated against the actions of the SEC.

The US Securities and Exchange Commission (SEC) charged Nexo Capital Inc. for failing to register the offer and sale of its retail crypto asset lending product, the Earn Interest Product (EIP). Admitting to their mistakes, Nexo agreed to pay a $22.5 million penalty and cease its unregistered offer and sale of the EIP to U.S. investors.

According to an SEC …

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