[managerclass]

> BlockFi had to agree to stop doing all that illegal stuff

Have they though?

From Blockfi:

"As part of the resolution, existing U.S. BlockFi Interest Account (BIA) clients will maintain their accounts and receive interest as they always have, but cannot add new assets to their accounts as of today, February 14, 2022. Further, U.S. persons will not be able to open new BIAs. Following completion of the SEC registration process for BlockFi Yield, BIAs of U.S. clients will be exchanged for BlockFi Yield, unless a client instructs BlockFi otherwise. BIAs of BlockFi clients outside of the U.S. are not subject to today’s resolution."

Sounds like existing accounts can continue to function and accrue interest but no addition new users or assets can be deposited until they get SEC approval.