The SEC has accused Genesis and Gemini of raking in billions illegally through lending schemes The US securities regulator on Thursday charged Genesis Global Capital and crypto exchange Gemini with offering and selling unregistered securities to retail investors through a program that promised high interest rates on deposits. The Securities and Exchange Commission claimed that Genesis, a subsidiary of Digital Currency Group, and Gemini, which is run by Tyler and Cameron Winklevoss, raised billions of dollars of crypto assets from hundreds of thousands of investors through unregistered offers, using Gemini’s Earn
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