Gemini

<ul class="news-points"> 
 <li>A Manhattan judge ruled against Gemini and Genesis, favoring the Securities and Exchange Commission (SEC).</li> 
 <li>The judge ruled that the SEC could proceed with the lawsuit against these firms.</li> 
 <li>Though the firms filed to dismiss the lawsuit, the judge asserts that the SEC’s suit plausibly alleges the violation of securities laws.</li> 
</ul> 
In a recent court filing, a New York judge <a href="https://news.bloomberglaw.com/bankruptcy-law/genesis-gemini-must-face-sec-suit-over-crypto-earn-program" target="_blank" rel="nofollow">ruled</a> against the crypto lender Genesis and crypto exchange Gemini, ruling that the SEC could move forward with their lawsuit against these firms. U.S. District Judge Edgardo Ramos denied both defendants’ motion to dismiss the regulator’s complaint claiming that the SEC’s suit “plausibly alleges” the firms’ violation of securities laws. 
Fox Business reporter Eleanor Terrett took to X on March 14 to share insights on the court’s ruling in favor of the Securities and Exchange Commission (SEC). She wrote on X, “A Manhattan judge has ruled the SEC can move forward with its lawsuit against Gemini and Genesis for its crypto lending product.” 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: A Manhattan judge has ruled the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SECGov</a> can move forward with its lawsuit against <a href="https://twitter.com/Gemini?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Gemini</a> and Genesis for its <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> lending product. T…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/court-dismisses-gemini-and-genesis-motion-to-dismiss-sec-lawsuit/">Court Dismisses Gemini and Genesis’ Motion To Dismiss SEC Lawsuit</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Court Dismisses Gemini and Genesis’ Motion To Dismiss SEC Lawsuit

Coin Edition

Other articles published on Mar 14, 2024

Elon Musk Breaks Silence On When Tesla Will Accept Dogecoin Payments

Bitcoin Critic Peter Schiff Regrets Missing Out On BTC Investment In Early Days: 'I Would Have Bo...

DOT Crypto Shows Rise In Whale Activity, Price To Shoot Up Soon?

Unveiling the Future: Nominations Open for Global Blockchain Awards Recognizing Web3 Excellence!

Avalanche (AVAX) Foundation Announces the Altcoins It Invests in!

Why is Paysenger EGO (EGO) Token Price Pumping? Expert Sets His Eyes On This Next Target

Join our free newsletter for daily crypto updates!