Wednesday, March 22, 2023

With latest probe, Vermont Is playing an outsize role in regulating cryptocurrency


BURLINGTON, Vt. (WCAX) – Vermont is on no account a crypto epicenter, however over the previous couple of years, officers in the Vermont Division of Monetary Regulation have quietly been probing related firms for securities compliance points that federal regulators have been gradual to take up.

DFR’s first investigation led to a trailblazing $100 million nationwide settlement earlier this yr with a crypto lending firm known as BlockFi. Now, the company is on the forefront of a multistate probe into Celsius, whose alleged mismanagement has ensnared the financial savings of greater than 250 Vermonters.

Darren Perron spoke with Seven Days’ Colin Flanders who reported on the story for this week’s issue.

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