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"In Jersey, Anything's Legal As Long as You Don't Get Caught" | Nelson Mullins Riley & Scarborough LLP

To embed, copy and paste the code into your website or blog: The Traveling Wilburys famously noted “In Jersey, anythings legal as long as you dont 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 the Order, BlockFi, through its...
United States New Jersey Gurbir Grewal Andrew Bruck Deposit Insurance Corporation Jersey Bureau Of Securities

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