Linus Financial Settles SEC Charges Over Unregistered Crypto Lending Product

The Securities and Exchange Commission (SEC) has settled charges with Linus Financial, Inc. over its failure to register the offers and sales of its crypto lending product, known as the Linus Interest Accounts. The SEC has opted not to impose civil penalties on the Nashville-based firm, citing the company's cooperation and swift remedial measures. Data from the SEC's order reveals that Linus Financial initiated the offer and sale of the Linus Interest Accounts in the U.S. around March 2020. These accounts permitted U.S. investors to provide U.S. dollars to Linus Financial, which in return promised to pay interest.

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