Gemini and Bankrupt Lender Genesis Asks U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program

“As alleged in the complaint, Genesis then exercised its discretion in how to use investors’ crypto assets to generate revenue and pay interest to Gemini Earn investors,” the SEC said in its complaint. Genesis, like CoinDesk, is owned by the Digital Currency Group (DCG).

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• Source: https://www.coindesk.com/policy/2023/05/29/gemini-and-bankrupt-lender-genesis-asks-us-court-to-dismiss-sec-lawsuit-targeting-earn-program/?utm_medium=referral&utm_source=rss&utm_campaign=headlines