Gemini

Coin

<ul>
 <li>Gemini Trust Company files a reply brief requesting the court to dismiss the SEC lawsuit against the exchange.</li>
 <li>The lawsuit claimed that the platform traded unregistered securities and amassed billions worth of crypto assets from investors.</li>
 <li>The exchange asserts that the SEC has failed to produce a clear explanation for its claims.&nbsp;</li>
</ul>
<a href="https://coinedition.com/tag/gemini/" rel="noopener noreferrer nofollow">Gemini Trust Company</a>, an American crypto exchange, filed a reply memorandum in the U.S District Court for the Southern District of New York, against the US <a href="https://coinedition.com/tag/gemini/" rel="noopener noreferrer nofollow">Securities and Exchange Commission (SEC)</a> in an attempt to dismiss the ongoing SEC-Gemini lawsuit.
Earlier this year, the US regulators <a href="https://www.sec.gov/news/press-release/2023-7" target="_blank" rel="noopener noreferrer nofollow">sued</a> the crypto firms Gemini and Genesis Global Capital for allegedly trading unregistered securities through the Gemini Earn crypto asset lending program. Claiming that the sale of unregistered securities has helped the platforms to amass billions of dollars worth of crypto assets from the customers, the SEC revealed that the platforms were under scrutiny.&nbsp; The lawsuit came following the investors’ <a href="https://coinedition.com/investors-file-lawsuit-against-gemini-trust-co-and-its-co-founders/" rel="noopener noreferrer nofollow">lawsuit</a> against Gemini and its co-founders, accusing them of fraudulent activity.
Subsequently, Genesis and Gemini sought to dismiss the lawsuit argu…
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/gemini-files-a-reply-memorandum-against-sec-to-dismiss-lawsuit/">Gemini Files a Reply Memorandum Against SEC To Dismiss Lawsuit&nbsp;</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Gemini Files a Reply Memorandum Against SEC To Dismiss Lawsuit

Coin Edition

Other articles published on Aug 20, 2023

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