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coinpedia 2023-06-23 11:39:33

SEC Temporarily Suspends $30M BlockFi Penalty Pending Investor Repayment

The post SEC Temporarily Suspends $30M BlockFi Penalty Pending Investor Repayment appeared first on Coinpedia Fintech News In an unanticipated plot twist, the U.S. Securities and Exchange Commission (SEC) has displayed a rarely-seen act of financial mercy. The SEC has agreed to wait to collect a hefty $30 million fine from crypto lender BlockFi, currently grappling with bankruptcy. This surprising move, captured in a court filing from Thursday, is designed to ensure …

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