Robin Bergen, David Lopez, Michael Mazzuchi, Tom Bednar and Tom Standifer

Cleary Gottlieb Discusses SEC’s BlockFi Settlement and Crypto Lending

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On February 14, 2022, the Securities and Exchange Commission announced a settled enforcement action charging BlockFi Lending LLC (“BlockFi”) with allegedly failing to register its interest-bearing crypto lending product as a security, failing to register itself as an investment company, …