Genesis Faces $21 Million Penalty As SEC Charges Are Settled | Bitcoinist.com

Categories
Bitcoin, btcusd, Crypto, Crypto News, Crypto regulation, Crypto Regulations, cryptocurrencies, Cryptocurrency, DeFi, digital currency, Earn Program, Gemini Crypto Exchange, Genesis, Genesis bankruptcy, Genesis Capital, Genesis crypto, Genesis Global Capital, Genesis loans, Genesis news, Genesis withdrawals, total crypto market cap, US crypto regulation

Crypto lender Genesis Global, has agreed to a final judgment imposing a $21 million civil penalty and a permanent injunction as part of a settlement with the US Securities and Exchange Commission (SEC). The settlement resolves charges against Genesis related to the unregistered offer and sale of “securities” through its crypto asset lending program, the […]