The New Jersey Bureau of Securities has issued a cease and desist order to BlockFi. Further, preventing it from onboarding new interest account clients in the state. The order comes as regulators around the world appear to be stepping up against unregulated sectors within the Crypto industry. However, Zack Prince, the CEO of BlockFi, denies the claims by the New Jersey securities regulators that his company has been offering unlicensed securities to the public.