Federal judge approves $21M settlement between bankrupt crypto firm Genesis Global Capital and SEC over Gemini Earn program violations.
A federal judge has approved a $21 million settlement between bankrupt crypto firm Genesis Global Capital and the Securities and Exchange Commission (SEC) over allegations that its involvement in the Gemini Earn program violated securities laws. Genesis will pay the settlement without admitting or denying the SEC's allegations. The SEC accused Genesis of failing to register its retail crypto lending product and bypassing essential disclosure requirements.
March 19, 2024
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