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JUST IN: NY JUDGE RULES @SECGOV CAN MOVE FORWARD WITH LENDING LAWSUIT AGAINST @GEMINI & GENESIS ON BASIS THAT LENDING FALLS UNDER U.S. SECURITIES LAWS
The SEC can proceed with its suit accusing Gemini and bankrupt cryptocurrency lender Genesis of illegally offering unregistered securities through their interest-paying Gemini Earn product. https://t.co/MfORejcKjm
2d Cir says Binance has to face class action by U.S.-based crypto investors who allege the exchange allowed them to buy/trade unregistered securities in form of cryptocurrencies. Binance said it was head-quartered nowhere, US laws not apply. https://t.co/r5zRc5yMqw
Coinbase has filed a legal action against the SEC to push for new rules on digital asset trading. Gemini's motion to dismiss the SEC complaint was denied, allowing discovery into alleged violations. Binance faces a class action lawsuit for allegedly offering unregistered securities to U.S.-based investors.
