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The bankrupt crypto lender Genesis Global Capital has agreed to a final judgment ordering it to pay $21 million to settle charges with the U.S. Securities and Exchange Commission (SEC) for violating securities laws by offering and selling its now-defunct Gemini Earn program, the SEC announced Tuesday.
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Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
![Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product](https://bankingandinsurance.in/wp-content/uploads/https://www.coindesk.com/resizer/3jN3Q213ZpOBPcTxFkT_QtIGyhg=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6V3XZQY26BCJPMQIGG43BKNJVU.jpg)