Crypto platform Nexo sued by New York, California and six other US regulators

Crypto platform Nexo is being sued by eight U.S. state securities regulators representing New York, California, Kentucky, Maryland, Oklahoma, South Carolina, Washington and Vermont.
According to a press release from New York Attorney General Letitia James, Nexo and Nexo Capital failed to register with the state’s securities and commodities brokers or dealers and lied to investors about their registration status.
James seeks to compel Nexo to forgo the revenue from its “Earn Interest Product” crypto deposit accounts and provide financial restitution to customers who used it, according to the co

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