Crypto firms Genesis and Gemini charged by SEC with offering unregistered securities

Vital Points

The Securities and Trade Fee alleged in a criticism that crypto firms Gemini and Genesis provided and offered unregistered securities.
It truly is the latest in a series of recent enforcement actions initiated by SEC chair Gary Gensler given that the collapse of FTX in November.
Gemini, launched by the Winklevoss twins, and Genesis, owned by Barry Silbert’s Digital Currency Team, have been in a fight about the fate of $900 million value of consumer cash.

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