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How does Gemini respond to the SEC's allegations of selling unregistered cryptocurrencies?

avatarT DorjsambuuDec 25, 2021 · 3 years ago3 answers

What is Gemini's response to the SEC's accusations of selling cryptocurrencies without proper registration?

How does Gemini respond to the SEC's allegations of selling unregistered cryptocurrencies?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Gemini has released a statement denying the SEC's allegations and stating that they have always complied with regulatory requirements. They argue that their cryptocurrencies are not securities and therefore do not require registration. Gemini emphasizes their commitment to providing a secure and compliant platform for trading digital assets.
  • avatarDec 25, 2021 · 3 years ago
    In response to the SEC's allegations, Gemini has hired a team of legal experts to review their operations and ensure compliance with all applicable laws and regulations. They are actively cooperating with the SEC in their investigation and are confident that they will be able to resolve the matter in a satisfactory manner.
  • avatarDec 25, 2021 · 3 years ago
    As a third-party observer, it is important to note that Gemini has a strong reputation in the cryptocurrency industry and has always been known for their commitment to regulatory compliance. While the outcome of the SEC's investigation is uncertain, it is likely that Gemini will take the necessary steps to address any concerns raised by the SEC and continue to operate as a trusted and compliant cryptocurrency exchange.