Explore the latest developments in the complex legal and financial saga of Gemini Earn, Genesis, and DCG as of 2024, including restructuring plans, court rulings, and user reactions.
MiyukiEarlier 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.
BrianThe U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.
CoindeskThe 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.
decryptThe contention between Gemini and the Genesis group has been spiraling, especially with the most recent development.
BitcoinistThree Gemini Earn users are seeking arbitration in a class action lawsuit against crypto broker Genesis and its parent company Digital Currency Group (DCG).
decryptGemini Trust Co. and its founders are facing a class-action lawsuit over claims the exchange sold interest-bearing accounts without registering them as securities.
decryptThe statement was released in response to reports that Genesis Global and the Gemini exchange have stopped allowing withdrawals.
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