The Securities and Exchange Commission (SEC) is going after some of the largest crypto companies, by filing charges against Gemini and Genesis.
The federal government’s legal crackdown on crypto is expanding, as the SEC charged some of the biggest names in the industry of operating illegal lending services on Jan. 12.
The SEC and the Commodity Futures Trading Commission have each brought complaints against FTX co-founder and former CEO Sam Bankman-Fried with the same intent in mind.
Genesis, which was founded by the crypto magnate Barry Silbert, is a subsidiary of Digital Currency Group. Gemini is run by the famous billionaire twins, Tyler and Cameron Winklevoss….