Genesis and Gemini File for Dismissal of SEC's Earn Program Lawsuit - Here's the Latest

Gemini, a cryptocurrency exchange, and Genesis Global Capital, a bankrupt cryptocurrency lender, have filed a petition to dismiss the SEC action linked to their joint venture product, Gemini Earn. The SEC lawsuit charges the firms with offering yield-bearing instruments to their customers and that, as such, these products are securities offered for sale without the requisite registration with the relevant authority. ...