Nexo said last month it would cease U.S. operations after hitting a “dead end” in talks with regulators. One of company’s founders Thursday said he is “confident that a clearer regulatory landscape will emerge soon.”| Banking Dive
The U.K. crypto lender was reportedly in talks with regulators for 18 months to comply with U.S. financial laws.| Banking Dive
SEC Commissioner Hester Peirce dissented on the agency's enforcement, calling it something a “paternalistic and lazy regulator” would do.| Banking Dive
The regulator alleged high-value U.S. customers were secretly allowed to trade on Binance platforms after the company said otherwise, and that controls allowed customers’ funds to commingle.| Banking Dive