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Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product

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8V Crypto Academy » Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product

Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product

March 19, 2024
in Breaking
Reading Time: 1 min read
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Philippines’ fastest growing digital bank rolls out crypto services

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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, the SEC announced Tuesday. 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, the SEC announced Tuesday. 

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