Court Denies Gemini and Genesis Motion in SEC Case Over Gemini Earn Program
Federal court denies Gemini and Genesis' motion to dismiss SEC case over Gemini Earn program, finding it offered securities under Howey and Reves tests.

Federal court denies Gemini and Genesis' motion to dismiss SEC case over Gemini Earn program, finding it offered securities under Howey and Reves tests.
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.
The removal of its iOS and Chrome Extension wallets from the market is scheduled for November 1, 2023, although customers will still be able to access their wallets until October 1.
The chief executive of Gemini is calling the U.S. Securities and Exchange Commission's (SEC) actions against the crypto exchange “counterproductive.”
The 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.
The leading crypto, Bitcoin, is up by nearly 12% in two weeks, whereas Ethereum is up by almost 20%.
As per the details from a tweet thread by Coinbase, iOS users will be unable to send NFTs from their wallets on iOS devices anymore.
The terminations were indicated by company filings, and confirmed by a spokesman, who emphasized the elevation of local leadership.
Wallet.app is launching the next stage in its EU-based, fully compliant crypto custody wallet, exchange and payment platform that will ...
The cryptocurrency exchange spent $120,000 on U.S. lobbying in the third and fourth quarters of 2021.