U.S. SEC to Forego $30M BlockFi Fine to Maximize and Speed Up Investor Repayment

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SEC's Latest Crackdown Against Coinbase and Binance Could Drive Crypto Firms Out of the U.S.
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The regulator asserted its claims should be counted as part of “general unsecured claims” in the ongoing Chapter 11 bankruptcy proceedings, but agreed to forego the payment “in order to maximize the amount that may be distributed to investors and avoid delay in such distribution,” according to the agreement reached on June 22.

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