Summary
- The U.S. SEC and Gemini Trust have reportedly reached a tentative settlement in a lawsuit over the sale of unregistered securities.
- In 2023, the SEC sued Gemini and Genesis in connection with the Gemini Earn (Earn) virtual asset (cryptocurrency) lending service.
- The tentative settlement reportedly suggests there may be changes to the regulatory risk for virtual asset lending services.
According to Reuters on the 15th (local time), the U.S. Securities and Exchange Commission (SEC) and Gemini Trust have reached a tentative settlement in a lawsuit alleging the sale of unregistered securities.
Earlier, in 2023, the SEC sued Gemini and Genesis in connection with the Gemini Earn (Earn) virtual asset (cryptocurrency) lending service, alleging they sold unregistered securities.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
