Gemini, a cryptocurrency exchange, is challenging the U.S. Securities and Exchange Commission (SEC) in a lawsuit. The exchange is contesting the SEC’s decision to classify certain digital assets as securities. Gemini is arguing that the SEC’s decision is wrong and that the digital assets in question should not be subject to the same regulations as securities. The outcome of the lawsuit could have a major impact on the cryptocurrency industry, as it could set a precedent for how digital assets are regulated in the future.
#Gemini #Fights #SEC #Lawsuit #Exchange
Well of course. Why would they not fight against the SEC on this?
SEC sues everything that moves in the crypto sector, and in response exchanges start fighting back against the SEC
SEC: **shocked pikachu face**
I’m so happy the SEC is finally getting the wave of major lawsuits it deserves.
tldr; Gemini, the cryptocurrency exchange founded by the Winklevoss brothers, has filed a motion to dismiss a Securities and Exchange Commission (SEC) complaint alleging it improperly offered unregistered securities in a scheme that promised high-interest rates to hundreds of thousands of investors. The SEC filed a complaint against the exchange and Genesis, Digital Currency Group’s crypto lending arm, on January 12. Gemini has requested that the court dismiss the suit with prejudice.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Another one? Thought they had already settled
The SEC is like the high school bully that just won’t leave you alone