Cryptocurrency Q&A
Are Gemini & Genesis illegally selling crypto assets?
Are Gemini & Genesis illegally selling crypto assets?
EthereumEliteGuard
Mon Nov 18 2024
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5 answers
1433
I heard some rumors about Gemini and Genesis possibly engaging in illegal activities related to the sale of crypto assets. I'm wondering if there's any truth to these allegations.
5 answers
CloudlitWonder
Wed Nov 20 2024
The specific charge was that the firms broke the law by offering and selling these crypto products through Earn without proper authorization or compliance.
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CryptoWizard
Wed Nov 20 2024
In January 2023, two major cryptocurrency firms, Gemini and Genesis, faced severe allegations from US regulators.
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EmeraldPulse
Wed Nov 20 2024
The US Securities and Exchange Commission (SEC) took charge of the case, indicating the gravity of the accusations and the potential consequences for the companies involved.
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TaegeukChampion
Wed Nov 20 2024
The regulators accused the companies of illegally selling crypto assets to a vast number of investors, potentially amounting to hundreds of thousands of individuals.
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Tommaso
Wed Nov 20 2024
The alleged illegal activities were carried out through a platform named Earn, which was launched by the companies in 2021.
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