U.S.-based cryptocurrency lending firm BlockFi says it intends to file or confidentially submit a registration statement on Form S-1 with the SEC for the offering of BlockFi Yield, which is anticipated to be the first SEC registered crypto interest-bearing security.
What Happened: BlockFi announced that its subsidiary BlockFi Lending entered into a resolution with both the SEC and the North American Securities Administrators Association to provide regulatory clarity and a path forward for clients across the United States who want to earn interest on their crypto assets.
