VT | The Vermont Department of Financial Regulation (DFR) recently entered into a settlement with TradeStation Crypto, Inc. (TradeStation) to resolve Vermont’s securities investigation into TradeStation’s crypto interest-earning program.
TradeStation, a Florida corporation formed in 2018, provides crypto-asset-related financial services to retail and institutional customers in the United States, including investing and trading services. From August 2020 to June 2022, TradeStation offered a crypto interest earning program to Vermont investors. Under this program, investors passively earned interest on crypto assets by loaning them to TradeStation. TradeStation maintained total discretion over the revenue-generating activities utilized to earn returns for investors. The company offered and promoted their crypto interest-earning program in Vermont and the United States at large via its website and various platforms.