Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product

The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced Tuesday. source: https://www.coindesk.com/policy/2024/03/19/genesis-to-pay-sec-21m-penalty-to-settle-charges-over-gemini-earn-product/?utm_medium=referral&utm_source=rss&utm_campaign=headlines