Gemini and Genesis charged by SEC over unregistered securities
The charges relate to Gemini’s crypto asset lending program, Gemini Earn, according to a press release from the Securities and Exchange Commission.
The United States Securities and Exchange Commission (SEC) on Jan. 12 charged cryptocurrency lending firm Genesis and crypto exchange Gemini with offering unregistered securities through Gemini’s “Earn” program.
The regulator said its investigating other securities law violations from other entities relating to the Gemini Earn program.
This story is developing and more information will be added as it becomes available.
