[HN Gopher] Crypto firms Genesis and Gemini charged by SEC with ...
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       Crypto firms Genesis and Gemini charged by SEC with unregistered
       securities sale
        
       Author : VagueMag
       Score  : 6 points
       Date   : 2023-01-12 22:04 UTC (57 minutes ago)
        
 (HTM) web link (www.cnbc.com)
 (TXT) w3m dump (www.cnbc.com)
        
       | SilasX wrote:
       | Related: Some people (such as me[1], shamefully) were asking why
       | the SEC was warning Coinbase that its interest-yielding program
       | would be an unregistered security[2], but not doing the same for
       | Gemini's identical product.
       | 
       | Disclosure: I had significant GUSD in Gemini Earn (Gemini's
       | program that lent to Gemini) but by some miracle had my
       | redemption request honored hours before Genesis suspended further
       | requests.
       | 
       | [1] https://news.ycombinator.com/item?id=28459949
       | 
       | [2] https://news.ycombinator.com/item?id=28453012
        
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       (page generated 2023-01-12 23:02 UTC)