SEC files charges against crypto exchange Gemini and lender Genesis

Crypto exchange Gemini and crypto lender Genesis are facing charges filed by the United States Securities and Exchange Commission (SEC) on January 12. The regulator accused the firms of offering unregistered securities related to Geminis crypto asset lending program, Gemini Earn, according to Cointelegraph. Digital Currency Group (DCG) subsidiary Genesis entered into a deal with Gemini in December 2020 allowing the former to offer Geminis customers the yield-bearing crypto product Gemini Earn. The product was launched in February 2021. The arrangement between the two firms allowed the...

source: https://tokenpost.com/SEC-files-charges-against-crypto-exchange-Gemini-and-lender-Genesis-9868

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