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“In Jersey, Anything’s Legal As Long as You Don’t Get Caught”

The Traveling Wilburys famously noted “In Jersey, anything’s legal as long as you don’t get caught.”[1]  Apparently the New Jersey Bureau of Securities (“Bureau”) disagrees.  The Bureau issued a Summary Cease and Desist Order to BlockFi Inc. (“BlockFi”) on July 20, 2021, ordering the company to stop offering interest-bearing cryptocurrency[2] accounts to new customers in New Jersey.  According to […]

Contributed by Nelson Mullins Riley & Scarborough

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