Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
Submitted by Anonymous (not verified) on Tue, 03/19/2024 - 16:00
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.