RE: The issue of BlockFi backfire as BlockFi proceed Sue the State Commission For Not Accepting Its Surrendered License
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Well to be honest they have a strict set of rules about things like this.. When you violate those policies you suffer the consequences
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But, to my own understanding they don't set clear guidelines so I don't except them to put force on crypto exchanges. If SEC set clear guidelines for crypto, every cryptocurrency companies will know where and what they don't supposed to do.