BlockFi Will Pay $100M in Settlement With SEC, State Regulators Over High-Yield Accounts: Report

Reporting from Coinbase:

https://www.coindesk.com/policy/2022/02/12/blockfi-will-pay-100m-halt-high-yield-offering-in-settlement-with-sec-state-regulators-report/

So glad that we have insightful regulators here to protect investors from earning high, relatively safe, rates on stablecoins. Gensler is doing wonders. I'm not sure what the general public would do without these amazingly perceptive and forward-thinking bureaucrats! Most importantly, this will ensure that deposits stay with 0% interest bank accounts, which is a huge relief for Gensler's prior colleagues.