Nexo is expected to terminate its EIP program in Ohio on April 1, 2023. The Ohio Division of Securities added its name to the $22.5 million multistate settlement against the cryptocurrency lending platform Nexo. US regulators previously alleged the firm failed to comply with local requirements when offering Earn Interest Products (EIP).The watchdog of “the Buckeye State” issued a consent order against Nexo, thus joining other US states that claimed the cryptocurrency firm violated some rules when offering Earn Interest Products (EIP). The company promoted its option via social media channels and on its website to US consumers, saying they could obtain returns as high as 36%.