Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Yugocean]

Recently, the US Securities and Exchange Commission (SEC) sued crypto exchange Gemini and crypto lender Genesis for selling unregistered securities.

Genesis' parent company, Digital Currency Group (DCG), is not taking its responsibility, and funds from Gemini Exchange's investors are stuck in Genesis.

However, investors are not supporting any of them.So a lawsuit by the SEC is considered mockery and acting at the wrong time.​

 

[Yugocean]

Genesis Update
Genesis has filed for Chapter 11 bankruptcy. While this will not exempt Genesis from SEC litigation, it will itself be subject to judicial oversight.

Meanwhile, Gemini is also preparing to sue Barry Silbert, CEO of Genesis' parent company, DCG. Will the SEC be able to do anything against DCG? Because DCG's other company, Grayscale, is also at odds with the SEC.

 

[Yugocean]

DCG subsidiary Coindesk also hints against its parent DCG

Popular crypto news agency Coindesk has reported that being a parent company, Digital Currency Group will bear the responsibility of Genesis' involvement.

Its more like Barry Silbert is losing grip because of his own ignorance.

 

[Ebutech]

Recently, the US Securities and Exchange Commission (SEC) sued crypto exchange Gemini and crypto lender Genesis for selling unregistered securities.

Genesis' parent company, Digital Currency Group (DCG), is not taking its responsibility, and funds from Gemini Exchange's investors are stuck in Genesis.

However, investors are not supporting any of them.So a lawsuit by the SEC is considered mockery and acting at the wrong time.​

View attachment 227916

Just getting to hear this for the first time,hope they get the issues resolved in no distant time, wish them well.

 

[Ebutech]

Just getting to hear this for the first time,hope they get the issues resolved in no distant time, wish them well.