BlockFi Lending on Monday agreed to pay $100 million in penalties as part of a first-of-its-kind case in which the Securities and Exchange Commission (SEC) declared a type of cryptocurrency lending product should be registered as a security.

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Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...