SEC Could Use BlockFi as Object Lesson for Clear Crypto Regulation, Says Ex-SEC Official

“The SEC is going to be a lot more concerned not with the money from the settlement, but from what the BlockFi bankruptcy represents in terms of harm to investors, systematic risks, contagion, and what it shows about the risks to crypto world in general,” Fischer said. “That’s going to be a little bit more to the front of the mind of the SEC than the $30 million that they’re owed.”