US Crypto & Public Policy Watch: SEC Charges Gemini and Genesis With Securities Law Violations In Crypto Sale

The Securities and Exchange Commission this week filed a civil complaint against crypto lender Genesis Global Capital and crypto exchange Gemini, accusing them of selling unregistered securities through a high-yield financial product called Gemini Earn. Genesis is a subsidiary of Digital Currency Group, founded by Barry Silbert; Gemini is run by Tyler and Cameron Winklevoss.