CryptoNews: Genesis Global Capital and crypto exchange Gemini have filed a motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC) accusing them of selling unregistered securities. 👁
Gemini and Genesis Seek Dismissal of SEC Lawsuit
accusing them of selling unregistered securities. The SEC alleged that the entities raised billions of dollars from hundreds of thousands of investors through Gemini’s Earn program. In response, Genesis and Gemini argued that the SEC’s treatment of the Master Digital Asset Loan Agreement contract as an unregistered security lacked a basis in law or fact. They also contended that the SEC failed to adequately plead that the MDALA was sold to anyone.
Gemini co-founder Tyler Winklevoss had previously criticized the SEC’s lawsuit, describing it as a “manufactured parking ticket.” The motion to dismiss highlights that Gemini did not require lending or borrowing by any party, and that lenders could not transfer or assign their participation without consent from all parties involved.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Gemini and Bankrupt Lender Genesis Asks U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program.Gemini and bankrupt crypto lender Genesis Global have filed a motion to dismiss a SECGov lawsuit alleging that they sold unregistered securities. iamsandali reports.
Consulte Mais informação »
Genesis, Gemini seek dismissal of SEC lawsuit over lending productGemini and Genesis are seeking the dismissal of a lawsuit filed in January by the Securities and Exchange Commission.
Consulte Mais informação »
Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations – Bitcoin News“The [SEC] complaint is a novel attempt to expand their scope beyond any reasonable reading of the relevant statutory language,” Gemini said. CryptoRegulation
Consulte Mais informação »
Winklevoss Twins Attempt Pivot After Gemini Loses Money and EmployeesREAD: The Winklevoss twins seem as optimistic as ever. But Gemini's pivot abroad is arguably the clearest sign yet of a company trying to stay relevant. Get The Big Take here ⬇
Consulte Mais informação »
SEC settles case against Wahi brothers for Coinbase insider tradingThe SEC lawsuit alleged that the former Coinbase product manager and his brother used non-public knowledge to trade crypto securities.
Consulte Mais informação »
Former Coinbase Employee, U.S. SEC Settle Insider Trading ChargesThe SEC settled charges with former Coinbase product manager Ishan Wahi and his brother Nikhil, the regulator announced Tuesday. The SEC accused the two of insider trading tied to token listings on crypto exchange Coinbase last year. nikhileshde reports
Consulte Mais informação »