Earlier this year, regulatory authorities in the United States initiated legal action against Gemini and Genesis Global Capital, accusing them of engaging in the trading of unregistered securities via the Gemini Earn crypto asset lending initiative.
BrianGemini and Genesis are seeking the dismissal of a lawsuit filed in January by the Securities and Exchange Commission. The SEC accused the firms of the unregistered offer and sales of securities in the form of Gemini’s Earn lending program.
TheBlockThe company has submitted a pre-registration undertaking with regulators.
CryptoSlateThe decision to invest $100 million of their own money into their exchange was reportedly due to difficulty finding outside investors.
cryptopotatoWe’ve now passed the second full week of 2023 and crypto fans’ patience and resilience have been rewarded with the first big price leaps in a long time.
decryptThe beleaguered Gemini Earn program is now the linchpin in a new set of charges filed by the Securities and Exchange Commission against both Genesis and Gemini.
decryptThe leading crypto, Bitcoin, is up by nearly 12% in two weeks, whereas Ethereum is up by almost 20%.
BeincryptoThe terminations were indicated by company filings, and confirmed by a spokesman, who emphasized the elevation of local leadership.
BeincryptoNew York-based crypto exchange Gemini opened its local office in Dublin, Ireland, last year. Now, it is granted with a VASP license.
CointelegraphThe cryptocurrency exchange spent $120,000 on U.S. lobbying in the third and fourth quarters of 2021.
Cointelegraph