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BlockFi is bringing back its popular high yield crypto savings account almost nine months after the SEC fined the fintech, thanks to a loophole. And this time it will only target America's wealthiest investors. <br />The firm said only U.S. accredited investor clients – about 13% of households – would be able to earn interest through BlockFi Yield, which offers rates on 15 different cryptocurrencies. The firm described the yields as "competitive."<br />BlockFi is offering the product through an exemption "from the registration requirements of the Securities Act of 1933."<br />The move comes after BlockFi said that it would register Yield—formerly known as the BlockFi Interest Account—with the SEC, which in February slapped the fintech with a $100 million fine.

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【BlockFi brings back high-yield product thanks to SEC exemption】BlockFi is bringing back its popular high yield crypto savings account almost nine months after the SEC fined the fintech, thanks to a loophole. And this time it will only target America's wealthiest investors. 
The firm said only U.S. accredited investor clients – about 13% of households – would be able to earn interest through BlockFi Yield, which offers rates on 15 different cryptocurrencies. The firm described the yields as "competitive."
BlockFi is offering the product through an exemption "from the registration requirements of the Securities Act of 1933."
The move comes after BlockFi said that it would register Yield—formerly known as the BlockFi Interest Account—with the SEC, which in February slapped the fintech with a $100 million fine.

BlockFi brings back high-yield product thanks to SEC exemption

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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