Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product

Gemini Earn was first available to retail customers in February 2021, offering as much as 8% interest on crypto tokens invested through the program. According to the SEC’s complaint, Gemini Earn had approximately 340,000 retail users and $900 million in assets on its platform when, in November 2022, Genesis halted withdrawals, citing “withdrawal requests which have exceeded our current liquidity.”

Source

Comments (No)

Leave a Reply

Cryptocurrencies: 16,221
Markets: 1,197
Marketcap: $ 3.52 T
24h Vol: $ 270.23 B
BTC Dominance: 54.85%