Crypto Lending Crisis - Gemini and Genesis Charged by US SEC With Selling Unregistered Securities
The US Securities and Exchange Commission (SEC) brought charges against major crypto exchange Gemini and the troubled crypto lending and trading firm Genesis. Per the press release issued by the regulator on January 12,...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Per the press release issued by the regulator on January 12,
"The [SEC] today charged Genesis Global Capital, LLC and Gemini Trust Company, LLC for the unregistered offer and sale of securities to retail investors through the Gemini Earn crypto asset lending program." ...
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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