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Department of Financial Protection and Innovation

Lending firm MyConstant breaches securities law, ordered to stop offering digital asset products
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23 December, 2022

Lending firm MyConstant breaches securities law, ordered to stop offering digital asset products

Despite being flagged for unlicensed loan brokering, MyConstant says it will continue to offer some of its services to investors,...
California’s financial regulator suspends SALT Lending’s license
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21 November, 2022

California’s financial regulator suspends SALT Lending’s license

Digital asset lender SALT blamed the recent FTX collapse for its financial turmoil but noted that it is working with...
California watchdog issues cease and desist order against Celsius Network
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13 August, 2022

California watchdog issues cease and desist order against Celsius Network

Celsius has been violating securities regulations by offering its Earn Rewards accounts in the state while also making materially false...