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

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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