New Jersey Attorney General Prepares Order Against Bitcoin Platform BlockFi

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New Jersey Attorney General is preparing a cease and desist order

  • According to a draft press release from the New Jersey Attorney General’s Office, the Securities Office plans to issue a Summary Cease and Desist Order to New Jersey-based multi-million dollar bitcoin financial services platform BlockFi for it to stop offering interest accounts.
  • undated and unpublished draft claims that BlockFi financed and facilitated its cryptocurrency lending and trading operations, at least in part, through the sale of unregistered securities in alleged violation of relevant securities laws.

Undated, unpublished draft … sound pretty flimsy? However, BTC dribbles a bit lower.

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