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With $100 million settlement confirmed, BlockFi aims to register Yield with SEC

The Securities and Exchange Commission announced Monday that it fined crypto lending firm BlockFi $100 million, and now the firm plans to register with the agency to offer clients its popular high-yield crypto savings product.  As a condition of a $100 million settlement with the SEC as well as state securities regulators, the firm has announced plans to file an S1 to offer BlockFi Yield to US investors as a security.  “We intend for BlockFi Yield to be a new, …