According to CoinDesk, a court document on Thursday showed that the SEC has agreed to waive a $30 million fine against the bankrupt cryptocurrency lending platform BlockFi until investors are repaid. According to the agreement reached on June 22, the regulator claimed that its claims should be counted as part of the "general unsecured claims" in the ongoing Chapter 11 bankruptcy proceedings, but agreed to waive payment "in order to maximize the amount distributed to investors and avoid delays in such distributions." The payment is the remaining amount of BlockFi's $50 million fine to the SEC to settle charges of failing to register with regulators to offer and sell its crypto lending products. The platform agreed to a settlement in February 2022, but filed for bankruptcy in November after the collapse of cryptocurrency exchange FTX.