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27 July 2021

BlockFi Hit with Cease and Desist in New Jersey - Decrypt

BlockFi Hit with Cease and Desist in New Jersey - Decrypt


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"The order calls for BlockFi to stop accepting new BIA clients residing in New Jersey beginning July 22, 2021," said Prince, adding that the company will be able to continue to serve existing customers in the state and other jurisdictions.

Bruck that suggests BlockFi has been violating securities laws.

It remains to be seen, however, whether New Jersey views BlockFi's entire operation as a violation of securities laws or whether it only has issues with certain transactions.

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