Nexo, a crypto lender, recently concluded a settlement with the US SEC and NASAA, in which it had to pay $45 million in fines. As a result, the company has announced that it will stop its Earn Interest Product for all US customers on April 1, 2023. The program will provide its promised interest rates until that date, and customers are encouraged to withdraw their assets from the program before then. In addition to its issues with the US government, Nexo has had its own controversies with the Bulgarian authorities. Local prosecutors raided the company’s offices at the start of the year, and some of the country’s political parties began blaming each other for the Nexo developments. Nexo’s co-founder, Antoni Trenchev, has even threatened to sue the government for up to $1 billion for the reputational damages it has caused. Despite these issues, Nexo is still providing its services to customers in other countries, and it remains to be seen how these issues will affect the company in the future.