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Genesis agrees to pay $21 million to settle SEC settlement

According to BlockBeats news, on March 19, according to market news, Genesis agreed to pay a $21 million fine to resolve the SEC’s charges. The U.S. Securities and Exchange Commission (SEC) announced on its official website that Genesis Global Capital, LLC has agreed to a final judgment ordering it to pay a civil penalty of $21 million and impose a permanent injunction to resolve concerns regarding its crypto-asset lending through the Gemini Earn program. Allegations of planning to engage in an unregistered offering and sale of securities.

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