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

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

March 19, 2024

Looking-at-Krakens-Motion-to-Dismiss-an-SEC-Lawsuit.jpg

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 link

Tags
Charges
Civil Penalty
crypto
Earn program
Genesis
SEC
Settelement

Crypto Lender Genesis Agrees to $21 Million SEC Fine, Funds to Await Bankruptcy Claim Settlements

Analysts See Gold Reaching $2,600 per Ounce Amid Strong Market Demand

Read This