Summary
Genesis Global Capital has agreed to pay $21 million to settle charges with the SEC for violating securities laws with its Gemini Earn program.
Key Points
1. Genesis Global Capital has agreed to pay $21 million to settle charges with the SEC for violating securities laws with its Gemini Earn program.
2. The crypto lender is bankrupt, highlighting the risks associated with investing in the cryptocurrency industry.
3. This settlement serves as a reminder of the importance of regulatory compliance in the rapidly evolving crypto space.