Genesis Global Capital Agrees to $21M Settlement with SEC for Gemini Earn Program Violations
Tuesday, 19 March 2024, 13:51
Genesis Global Capital Agrees to Settlement
The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment with the U.S. Securities and Exchange Commission (SEC) to pay $21 million for violations.
Violation of Securities Laws
The SEC accused Genesis of offering and selling the now-defunct Gemini Earn program, resulting in charges for violating securities laws.
This settlement emphasizes the importance of regulatory compliance in the financial sector.
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