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#828 BlockFi's $100M Settlement Explained

The Pomp Podcast

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Blockfy and Other Crypto Lenders Pay Such High Interest Rates

Blockfy has reached a resolution with the s c c n state regulators. The company announced yesterday that they have reached an agreement to offer blockfi interest account product as a security offering. Blockfite will pay a 100 million dollar settlement, which is a record amount for a crypto company to pay in a regulatory matter. Now that the rules around this type of product are clear, every company inth industry will be able to offer this functionality to their users.

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