Gemini Lianchuang: The US SEC's lawsuit will not help Earn users get their assets back, and will be counterproductive

Gemini co-founder Tyler Winklevoss said in response to the SEC's charges against Gemini and Genesis, "It's disappointing that the SEC has chosen to file a lawsuit while Gemini and other creditors are working together to recover their funds .The SEC’s actions do nothing to help us further our efforts and help Earn users get their assets back, and will be counterproductive. Gemini has always strived to comply with all relevant laws and regulations, and any claims to the contrary have no basis in fact.” Previously, the United States The Securities and Exchange Commission (SEC) accused Gemini and Genesis of offering and selling securities to retail investors without registration through the "EARN" loan product.