Court Denies Gemini and Genesis Motion in SEC Case Over Gemini Earn Program
Federal court denies Gemini and Genesis' motion to dismiss SEC case over Gemini Earn program, finding it offered securities under Howey and Reves tests.
WeiliangFederal court denies Gemini and Genesis' motion to dismiss SEC case over Gemini Earn program, finding it offered securities under Howey and Reves tests.
WeiliangEarlier 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 company has submitted a pre-registration undertaking with regulators.
CryptoSlateThe chief executive of Gemini is calling the U.S. Securities and Exchange Commission's (SEC) actions against the crypto exchange “counterproductive.”
dailyhodlThe 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 leading crypto, Bitcoin, is up by nearly 12% in two weeks, whereas Ethereum is up by almost 20%.
BeincryptoGemini went down today for less than an hour after announcing its lending partner was pausing withdrawals.
The terminations were indicated by company filings, and confirmed by a spokesman, who emphasized the elevation of local leadership.
BeincryptoNew York-based crypto exchange Gemini opened its local office in Dublin, Ireland, last year. Now, it is granted with a VASP license.
CointelegraphThe cryptocurrency exchange spent $120,000 on U.S. lobbying in the third and fourth quarters of 2021.
Cointelegraph