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SEC sues crypto firms Genesis and Gemini over $900m lending product
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WASHINGTON—The Securities and Exchange Commission on 12 January sued Genesis Global Capital and Gemini Trust Company over a $900m crypto-lending program that allegedly violated investor-protection laws.
The SEC filed its civil lawsuit in Manhattan federal court alleging that Genesis should have registered the product, which would have required providing clients with detailed financial disclosures. The companies began marketing the program to individual investors in February 2021 and raised billions of dollars’ worth of crypto...
Read more on fnlondon.comAbout this in other media
Genesis bankruptcy case scheduled for first hearing cointelegraph.com /1 year ago
Crypto lender Genesis files for bankruptcy fnlondon.com /1 year ago
Genesis' bankruptcy filing was decided by independent committee according to DCG cointelegraph.com /1 year ago
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