Genesis Settles With SEC and Pays Hefty Penalty for Violating Securities Laws

Tuesday, 19 March 2024, 13:51

Genesis Global Capital agrees to pay $21 million to the U.S. SEC to settle charges related to its Gemini Earn program. The company faced allegations of violating securities laws in offering and selling the program, leading to its downfall. This settlement highlights the importance of adhering to securities regulations in the crypto space to avoid legal repercussions and financial penalties.

https://store.livarava.com/ff6d731e-e5f8-11ee-9685-5254a2021b2b.jpe — Genesis Settles With SEC and Pays Hefty Penalty for Violating Securities Laws

Genesis Settles With SEC and Pays Hefty Penalty

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.

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Genesis Settles With SEC and Pays Hefty Penalty

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