TradeStation is a company that let people lend their cryptocurrency to others and earn interest. They did not follow the rules of the government, so they had to pay $3 million in fines. The SEC is an organization that makes sure companies follow these rules, and they made TradeStation stop doing anything illegal. Read from source...

1. The title is misleading and sensationalized. It should have mentioned the product name or a brief description instead of just "unregistered crypto lending product". This creates confusion and curiosity for readers who are not familiar with TradeStation's offerings or crypto asset lending in general.