Investing
Gemini, Genesis file to dismiss SEC lawsuit against Earn product
Cryptocurrency exchange Gemini and bankrupt crypto lender Genesis Global Capital have jointly filed for the dismissal of a Securities and Exchange Commission (SEC) lawsuit. The lawsuit claims “Gemini Earn” — which let customers lend crypto assets such as (BTC) to Genesis, with Gemini taking a fee as high as 4.29% — violated securities regulations by offering unregistered securities.
The companies’ legal filings contend that Gemini Earn should not be classified as a security. Genesis argued the transactions were essentially loans and requested the court to dismiss the complaint or, alternatively, strike the SEC’s requests for a permanent injunction and disgorgement.
Continue Reading on Coin Telegraph
Read the full article here
-
Side Hustles6 days ago
The ‘Billionaire Chef’ Wants to Make Nigerian Food Mainstream
-
Investing6 days ago
How to Successfully Make the Leap From Founder to CEO
-
Investing5 days ago
She Started a Business That’s Earning Over $10M This Year
-
Passive Income5 days ago
Campbell’s Soup Is Trying to Change Its Name. Here’s Why.
-
Passive Income6 days ago
How to Leverage Fintech for Efficient Cash Management
-
Side Hustles4 days ago
Who Are the Billionaires Backing Trump or Harris?
-
Side Hustles4 days ago
San Francisco Pizzeria Found Success With Unique Menu
-
Side Hustles5 days ago
Business Leaders’ Reaction to the Trump-Harris Debate