Gemini and Genesis’ legal troubles stand to shake up industry further
Now that the SEC has gotten involved in the ongoing Gemini–Genesis spat, things could get ugly for both parties in the near term.
Now that the SEC has gotten involved in the ongoing Gemini–Genesis spat, things could get ugly for both parties in the near term.
Barry Silbert’s letter to shareholders came just hours after Cameron Winklevoss wrote an open letter accusing him of defrauding customers.
Plaintiffs have alleged that the products have not been registered, which prevented them from receiving disclosures to better assess the risks of using Gemini Earn.
Winklevoss’ Gemini exchange received the latest regulatory approvals days before its lending product Gemini Earn faced major issues.
Despite the shift, Cameron and Tyler Winklevoss continue to run the cryptocurrency exchange's global operations.
The American business magazine Forbes recently published the company’s 2021 documentation of the wealthiest billionaires in the world. According to the list published annually every March, there are now 12…