Regulatory Compliance

News released on the 19th of July stated the New Jersey Attorney General is cracking down on one of the most prominent market participants in BlockFi by issuing a cease and desist letter. The question beckons whether government regulation will begin to hold back the explosive growth of DeFi or a market solution will arise?

“BIA IS NOT A SECURITY, AND WE THEREFORE DISAGREE WITH THE ACTION BY THE NEW JERSEY BUREAU OF SECURITIES”.