SEC and Gemini Explore Settlement in Crypto Lending Program Lawsuit
• 1 min read
The SEC and Gemini have requested a 60-day pause in their legal battle over the unregistered Gemini Earn program to discuss settlement terms. The case, initiated in January 2023, follows Genesis Global Capital's $21 million settlement and bankruptcy filing after holding $900 million in customer assets.
Gemini Exchange Settles CFTC Case for $5M Over Bitcoin Futures Disclosures
• 1 min read
Cryptocurrency exchange Gemini agrees to pay $5 million to settle CFTC charges of providing misleading information during its 2017 Bitcoin futures initiative. The settlement resolves allegations about undisclosed preferential fee arrangements and market manipulation prevention measures.