US SEC

January 19, 2023

2022 crypto-related activities: SEC fines hit $2.6 billion


The US Securities and Exchange Commission (SEC), has announced that it has accrued more than $2.6 billion in fines and penalties; from the cryptocurrency industry throughout 2022. These fines are related to various violations of US financial regulations, including unregistered securities offerings, frauds, misappropriations, market manipulation, and other misconduct. First, the key points: The US […]

US SEC

January 15, 2023

The US SEC files lawsuit against Gemini and Genesis


On Thursday, the U.S. Securities and Exchange Commission declared that Genesis Global Capital LLC and Gemini Trust Company LLC. Were unlawfully selling securities to hundreds of thousands of investors through their crypto lending program – a consequential violation of federal regulations. The SEC alleges that the two companies, owned by the Winklevoss twins, Tyler and […]