Ethereum World News
2023-05-29 13:45:49

SEC Lawsuit Against Gemini And Genesis Challenged In Court

Summary: Gemini and Genesis moved to throw out a lawsuit built on securities violation claims made by the U.S. Securities and Exchange Commission. In January, the U.S. watchdog filed a suit arguing that Gemini and Genesis offered unregistered securities and ignored investor protection procedures. Crypto exchange Gemini filed that the regulator’s view of a tri-party MDALA contract between the digital asset entities and Earn Users “has no basis in law or fact.” Gemini and Genesis filed to throw out a

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