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A comment on Blockfi agrees to pay $100M in penalties and pursue registration. Parent comment

Re:Blockfi agrees to pay $100M in penalties and pursue regis... by babyshake on Monday February 14, 2022 @05:01PM (#30338993)
> The same product (even better actually) is done via DeFi. That's where the real battle will be with major implications on the Ethereum ecosystem (or whatever Dapp blockchain you prefer).

The US gov could require teams based in the US to require KYC in their apps for US citizens. And they can require US citizens to only use apps with KYC. But can they really do much beyond that?

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Re:Blockfi agrees to pay $100M in penalties and pursue regis... by jonathan-adly on Monday February 14, 2022 @07:31PM (#30340790)
That would be in violation of the securities laws that blockfi is accused of violating.

Per this case, the SEC stand is interest bearing crypto -> a security

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