Gemini, Genesis want SEC charges dismissed
Genesis and Gemini argued that the alleged ‘securities’ in this case are mere lone agreements being incorrectly characterized by the SEC as securities offerings.
Latest Gemini News
The New York state of mind is ‘more digital asset oversight’
The hearing by New York regulators examined the “transparency and security of the cryptocurrency industry and potential improvements as they relate to investor and consumer protection.”
Gemini issued warning by Philippines SEC over derivatives exchange
The Philippines SEC has issued a warning over ‘Gemini Derivatives,’ a product available on Gemini’s new Foundation platform, which the regulator alleges is violating Filipino securities law.
Gemini pivots to Asia as US regulators take aim at digital currency exchanges
Amid regulatory challenges in the United States, Gemini sets its eyes on the APAC region, with India as its primary focus, a nation known for enforcing stringent regulations on the digital asset market.
Silvergate Bank enters liquidation; Signature in short-seller sights
Silvergate Capital Corporation cites the recent regulatory developments for its decision to liquidate the bank, while Signature stresses its ties in the asset space are limited to the U.S. dollar.
‘Crypto’ firms unbank themselves from struggling Silvergate
Silvergate notified the U.S. SEC that it wouldn't be filing the annual report on its fiscal health by March 16, insisting it "requires additional time" to fully diagnose its shortcomings.
FDIC warns CEX.IO exchange against misleading insurance claims
The FDIC issued a cease and desist letter to CEX.IO demanding that it removes all references to FDIC insurance as the agency doesn’t cover digital assets.
Digital Currency Group’s Genesis bankrupt lending platform seals creditor deal
Winklevoss twins announced that Gemini had "reached an agreement in principle" with Genesis Global Capital, DCG, "and other creditors on a plan that provides a path for Earn to recover their assets."
Gemini lied about FDIC insurance in emails to Earn customers: report
In legally ambiguous and vague language, Gemini repeatedly told its customers that funds were FDIC-insured, giving them false hope that their money was safe.
Genesis parent company files for Chapter 11 bankruptcy protection as Winklevoss kicks Silbert anew
Sign traders' expectations proved true as Genesis Global Capital LLC's parent company officially filed for Chapter 11 bankruptcy following a tumultuous year for the 'crypto' house of cards.
Digital Currency Group halts dividends as Genesis preps bankruptcy filing
Genesis Global is on the brink of filing for bankruptcy this week after being caught off guard by the 3AC collapse last year, but sources said talks are ongoing and plans could change.
Genesis and Gemini hit with SEC charges
The U.S. securities regulator has formally charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities in connection with the Gemini Earn digital asset lending program.