What are the allegations made by the SEC against Gemini Genesis for being unregistered?

3 answers

• Jan 14, 2022 · 3 years ago
  The SEC has alleged that Gemini Genesis, a digital currency exchange, has been operating as an unregistered entity. According to the SEC, Gemini Genesis failed to register as a national securities exchange as required by the federal securities laws. This means that the exchange has been facilitating the trading of digital assets without the necessary regulatory oversight. The SEC has raised concerns about the potential risks to investors, such as market manipulation and fraudulent activities, that may arise from unregistered exchanges. It is important for cryptocurrency exchanges to comply with the regulatory requirements to ensure investor protection and market integrity.
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• Jan 14, 2022 · 3 years ago
  The allegations made by the SEC against Gemini Genesis are related to its failure to register as a national securities exchange. The SEC requires exchanges that facilitate the trading of digital assets to register and comply with the federal securities laws. By operating as an unregistered entity, Gemini Genesis has been operating outside the regulatory framework designed to protect investors and maintain fair and orderly markets. The SEC's allegations highlight the importance of regulatory compliance in the cryptocurrency industry.
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• Jan 14, 2022 · 3 years ago
  Gemini Genesis, a digital currency exchange, has been accused by the SEC of operating as an unregistered entity. The SEC alleges that the exchange failed to register as a national securities exchange, which is a violation of the federal securities laws. By operating without proper registration, Gemini Genesis has been operating in violation of the regulatory requirements designed to protect investors and ensure market integrity. It is important for exchanges to comply with the SEC's regulations to maintain a level playing field and protect investors from potential risks.
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